Markets closed higher; Banking stocks outperformed

Index heavyweights like Reliance Industries, SBI & HDFC Bank was among the top outperformers, adding fresh long positions.

Apr 27, 2021 03:04 IST India Infoline News Service

Markets witnessed a positive day of trade as across the board buying frenzy weighed in.   

Bank Nifty outperformed the Nifty index by 0.4% with both the indices closing ~1.5%/1.1% higher for the second consecutive trading session.

Index heavyweights like Reliance Industries, SBI & HDFC Bank was among the top outperformers, adding fresh long positions during the trade.  

Nifty Midcap index closed ~1.6% higher.

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

On the options front (April 29, 2021 expiry), across the board writing was seen in the put option strikes as Nifty trended higher. India Vix index closed at 23.05, down ~2%.
Top 2 F&O Gainers: DEEPAKNTR & NAVINFLO
Top 2 F&O Losers: HDFCLIFE & ICICIPRU
Nifty +171 @14,656
Bank Nifty +473 @32,748

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