Markets close higher; Midcap stocks outperformed

Bank Nifty outperformed the Nifty index by ~0.4%, with both the indices closing at intraday highs.

Jul 05, 2021 03:07 IST India Infoline News Service

Markets witnessed a positive day of trade, as across the board buying frenzy was witnessed in the broader markets.

Bank Nifty outperformed the Nifty index by ~0.4%, with both the indices closing at intraday highs, up by ~1.15%/0.7%.  

Midcap stocks were among the top outperformers with stocks like KRBL, Avanti Feeds & Jyothy Labs closing witnessing a ~10% rally.

Nifty Midcap 100 index closed ~0.6% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 1:1x. 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 ~0.5%.
Top 2 F&O Gainers: IRCTC & MUTHOOTH FIN
Top 2 F&O Losers: NMDC & ADANIENT
Nifty +112 @15,834
Bank Nifty +402 @35,212

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