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Markets close lower; Reliance Industries underperformed

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 1:1x.

January 20, 2022 3:12 IST | India Infoline News Service
Domestic markets witnessed a negative day of trade, with the benchmark index trending lower for the major part of the trade. Nifty underperformed the Bank Nifty index by ~0.6% with both the indices closing in the red with a ~1 %/0.45% cut.

Across the board, selling was seen in major heavyweights with stocks like Reliance Industries and TCS contributing the majority of the losses for the index, along with an unwinding of long positions.

Nifty Midcap 100 index closed ~0.1% lower. Market breadth ended in the favour of the advances with the advance/decline ratio closing at 1:1x. Nifty saw an addition of short positions during the day.

On the options front (January 27, 2021 expiry), across the board writing was seen in the put option strikes as the Nifty index trended lower.

India Vix index closed at 17.9, up ~0.5%.

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