Bank Nifty underperformed the Nifty index by ~0.75% for the second consecutive trading session with the major financial heavyweights like SBI, HDFC Bank & ICICI Bank contributing majority of the index loses.
Nifty Midcap index closed, ~0.2% higher.
Nifty IT index continued its bullish momentum, closing on record highs.
Market breadth ended in the favour of the advances with the advance/decline ratio closing at 1:1x. Bank Nifty added fresh short positions during the day.
On the options front (April 08, 2021 expiry), across the board writing was seen in the call option strikes as Bank Nifty trended lower. India Vix index closed at 19.8, up ~2.6%.
|Top 2 F&O Gainers:||CADILA & GLENMARK|
|Top 2 F&O Losers:||BAJAJ FIN & IDFC FIRST|
|Bank Nifty||-336 @32,448|