Markets close higher; Realty stocks outperformed

Bank Nifty outperformed the Nifty index by ~0.15% with both the indices closing higher.

Jun 03, 2021 03:06 IST India Infoline News Service

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Markets witnessed a positive day of trade with the benchmark index closing on lifetime highs.

Bank Nifty outperformed the Nifty index by ~0.15% with both the indices closing higher. Realty stocks were among the top outperformers, as stocks like Oberoi Realty, Prestige, DLF & IBrealestate closed  higher along with an addition of fresh long positions.

Nifty Midcap 100 index closed ~1% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 2:1x. Bank Nifty saw an addition of long positions during the day.

On the options front (June 03, 2021 expiry), across the board writing was seen in the put option strikes as  Bank Nifty trended higher. India Vix index closed at 16.05, down ~7%.
Top 2 F&O Gainers: Voltas & Muthooth Fin
Top 2 F&O Losers: Motherson Sumi & Indusind Bank
Nifty +110 @15,687
Bank Nifty +279 @35,653

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