Bank Nifty outperformed the Nifty index by ~1.3% with both the indices closing ~2.1%/0.8% higher.
Nifty Metal index was among the outperformers for the second consecutive trading session, closing ~1.7% higher with the major heavyweights like JSW Steel & Tata Steel adding fresh long positions.
Nifty Midcap index closed ~0.4% higher.
Market breadth ended in the favour of the advances with the advance/decline ratio closing at 2:1x. Bank Nifty saw short covering during the day.
On the options front (April 22, 2021 expiry), across the board writing was seen in the put option strikes as Bank Nifty trended higher. India Vix index closed at 23.1, up ~3%.
|Top 2 F&O Gainers:||IBULHSGFIN & NAVINFLO|
|Top 2 F&O Losers:||PFIZER & COFORGE|
|Bank Nifty||+670 @31,783|