Markets close higher; Midcap stocks outperformed

Midcap stocks were among the top outperformers with stocks like JB Chemicals, Care Rating & CCL Products closing with strong gains around its intraday highs.

Jul 02, 2021 03:07 IST India Infoline News Service

Stock market report with bull and bear
Markets witnessed a positive day of trade, ending its losing streak of four consecutive trading sessions.

Nifty index witnessed a closing hour rally, to close at intraday high.  

Both Nifty and Bank Nifty index closed ~0.3% higher. Midcap stocks were among the top outperformers with stocks like JB Chemicals, Care Rating & CCL Products closing with strong gains around its intraday highs.

Nifty Midcap 100 index closed ~0.5% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Nifty saw a marginal addition of long during the day.

On the options front (July 29, 2021 expiry), across the board writing was seen in the put option strikes as Nifty trended higher. India Vix index closed at 12, down ~6%.
Top 2 F&O Gainers: TATACHEM & TRENT
Top 2 F&O Losers: ADANIENT & IDEA
Nifty +42 @15,722
Bank Nifty +126 @34,810

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