Markets close on record highs; Banking stocks outperformed

Bank Nifty outperformed the Nifty index by ~0.7% with both the indices closing on record highs

Sep 23, 2021 03:09 IST India Infoline News Service

Domestic Markets witnessed a positive day of trade, with the benchmark index closing on record highs as across the board buying frenzy weighed in. Bank Nifty outperformed the Nifty index by ~0.7% with both the indices closing on record highs.

Stock like L&T, Reliance, Infosys, Godrej Properties, DLF & Apollo Hospitals hit fresh 52-week highs along with an addition of fresh long positions. Nifty Midcap 100 index closed ~1.5% higher.

The market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Bank Nifty saw addition of long positions during the day.

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

India Vix index closed at 16.5, up ~0.1%.
 
Top 2 F&O Gainers: GODREJ PROP & DLF
Top 2 F&O Losers: ZEEL & ICICIGI
Nifty +280 @17,827
Bank Nifty +853 @37,798

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