Markets closed higher; IT stocks outperformed

Nifty IT index was among the top outperformers closing ~3%.

Jun 24, 2021 03:06 IST India Infoline News Service

Markets witnessed a positive day of trade as across the board buying was seen throughout the day Bank Nifty index marginally outperformed the Nifty index by ~0.1% with both the indices closing in the green.

Nifty IT index was among the top outperformers closing ~3% higher with stocks like TCS, HCL Tech, Wipro & Infosys adding fresh long positions.

Nifty Midcap 100 index closed ~0.2% lower.

Market breadth ended in the favour of the declines with the advance/decline ratio closing at 2:3x. Nifty and Bank Nifty saw an addition of fresh long during the day.

On the options front (June 24, 2021 expiry), across the board writing was seen in the put option strikes as Nifty trended higher. India Vix index closed at 15.1, down ~1%.
Top 2 F&O Gainers: INFY & COFORGE
Top 2 F&O Losers: IDEA & MGL
Nifty +103@15,790
Bank Nifty +253 @34,827

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