Nifty outperformed the Bank Nifty index by ~0.7%, with both the indices closing in the green, posting strong gains.
Nifty IT index was among the top outperformers with stocks like HCL Tech, Wipro, Infosys & TCS adding fresh long positions.
Nifty Midcap index closed on lifetime highs, closing ~2% higher.
Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Nifty and Bank Nifty saw an addition of long during the day.
On the options front (March 04, 2021 expiry), across the board short selling was seen in put option strikes as Nifty trended higher. India Vix index closed at 23.3, down ~8%.
|Top 2 F&O Gainers:||TRENT & BHEL|
|Top 2 F&O Losers:||ONGC & IRCTC|
|Bank Nifty||+124 @35,420|