Markets closed higher; Bank Nifty regained 19,000 mark

Nifty and Bank Nifty futures added heavy long positions as the indices trended higher along with a rise in the open interest.

May 28, 2020 03:05 IST India Infoline News Service

Markets witnessed a strong trading session in the favour of bulls as across the board panic buying weighed in. Bank Nifty index outperformed Nifty by ~0.5% with both the indices closing with strong gains.

All the major sectoral indices trended higher, with Banking stocks leading from the front. Nifty Midcap100 index closed ~1.5% higher as broad based buying was seen.

Market breadth ended in the favour of the advances with the advance/decline closing at 2:1x.

Nifty and Bank Nifty futures added heavy long positions as the indices trended higher along with a rise in the open interest

On the options front (May 28, 2020 expiry), across the board put option writing was seen as the Nifty index trended. India Vix index closed at 31.4, down 3%
Top 2 F&O Gainers: ZEEL & NCC
Top 2 F&O Losers: ADANIPOWER & PNB
Nifty +171 @9,486
Bank Nifty +440 @19,151

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