Markets close on a flat note; Midcap stocks outperformed

Midcap stocks showed good traction with stocks like MGL, Varun Beverages & L&TFH closed the day with 10% gains.

Nov 27, 2020 10:11 IST India Infoline News Service

Stock Market Chart
Markets witnessed a lacklustre day of trade with Nifty & Bank Nifty index trading in a narrow range throughout the day favouring the short gamma option writers. Bank Nifty index outperformed the Nifty index by ~0.5% with Nifty closing in the red and Bank Nifty closing in the green.

Midcap stocks showed good traction with stocks like MGL, Varun Beverages & L&TFH closed the day with 10% gains. Market breadth ended in the favour of the advances with the advance/decline ratio closing at 2:1x. Bank Nifty index saw an addition of long positions during the day.

On the options front (November 26, 2020 expiry), across the board option writing positions were formed in Bank Nifty put options as the index trended marginally higher. India Vix index closed at 19.8, down 1%.






Top 2 F&O Gainers: MGL & L&TFH
Top 2 F&O Losers: JSWSTEEL & PEL
Nifty -18 @12,967
Bank Nifty +59 @29,609

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