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|
|Bank Nifty||+126 @34,810|