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|
|Bank Nifty||+34 @39,574|