Markets close lower; Midcap Stocks underperformed

Midcap stocks were among the top underperformers with stocks like IRCTC, Deepak Ntr & Jubl Foods adding heavy short positions during the day.

Oct 20, 2021 03:10 IST India Infoline News Service

Bear Market
Markets witnessed a negative day of trade, with the benchmark index closing lower on account of a heavy profit booking.

Bank Nifty outperformed the Nifty by 0.75% with the former closing in the green while the later closing in the red.  

Midcap stocks were among the top underperformers with stocks like IRCTC, Deepak Ntr & Jubl Foods adding heavy short positions during the day. Nifty Midcap 100 index closed ~2% lower.

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

On the options front (October 29, 2021 expiry), across the board writing was seen in the put option strikes as the Nifty index trended lower. India Vix index closed at 18.3, up ~5%.
Top 2 F&O Gainers: IDEA &BHEL
Top 2 F&O Losers: IRCTC & DEEPAK NTR
Nifty ~136 @18,282
Bank Nifty +34 @39,574

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