Markets close higher; Zee Entertainment stock outperforms

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x.

Sep 14, 2021 03:09 IST India Infoline News Service

Stock Exchange
Domestic markets witnessed a lacklustre day of trade, with the benchmark index closing marginally higher as the option writers took the centre stage. Bank Nifty outperformed the Nifty index by ~0.2% with both the indices closing in the green.

The stock price of Zee Entertainment surged ~40% higher, hitting fresh 52-week highs as across the board long positions were formed during the as shareholders seek removal of the CEO.

The Nifty Midcap 100 index closed ~1.4% higher. Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Bank Nifty saw the addition of long positions during the day.

On the options front (September 30, 2021 expiry), across the board writing was seen in the call and put option strikes as the Nifty index traded in a narrow range.

India Vix index closed at 13.56, down ~3%.

Top 2 F&O Gainers: ZEEL & IRCTC
Top 2 F&O Losers: MARICO & NALCO
Nifty +25   @17,380
Bank Nifty +141   @36,613

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