Markets close on a flat note; Housing finance companies outperformed

Bank Nifty marginally underperformed the Nifty index by ~0.25%.

Sep 07, 2021 03:09 IST India Infoline News Service

Stock market report with bull and bear
Markets witnessed a volatile day of trade on Tuesday, as pendulum swings weighed in.

Bank Nifty marginally underperformed the Nifty index by ~0.25% with both the indices witnessing a profit booking, closing ~0.15%/0.35% lower.

Housing Finance Stocks were among the top outperformers with stocks like HDFC Ltd & LIC Hsg Fin adding fresh long positions throughout the trading session.

Nifty Midcap 100 index closed ~0.3% lower.

Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:2x. Nifty saw an unwinding of long positions during the day.

On the options front (September 30, 2021 expiry), across the board writing was seen in the call option strikes as the Nifty index trended lower.

India Vix index closed at 14.8, down ~2%.
Top 2 F&O Gainers: IDEA  & IRCTC
Top 2 F&O Losers: DLF & NALCO
Nifty -22 @17,356
Bank Nifty -135 @36,458

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