Markets closed higher; Metal stocks outperformed

Nifty outperformed the Bank Nifty index by ~0.3% with both the indices trading with a positive bias

May 07, 2021 03:05 IST India Infoline News Service

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Markets witnessed a positive day of trade with the benchmark index closing with strong gains.

Nifty outperformed the Bank Nifty index by ~0.3% with both the indices trading with a positive bias throughout the trading session.

Nifty Metal index was among the top outperformers closing as the stocks like Tata Steel, Sail, Nalco & Jindal Steel added fresh long positions.

Nifty Midcap index closed ~0.5% lower.

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

On the options front (May 13, 2021 expiry), across the board writing was seen in the put option strikes as Nifty trended higher. India Vix index closed at 20.8, down ~4%.
Top 2 F&O Gainers: NALCO & NMDC
Top 2 F&O Losers: SRF & NAVINFLO
Nifty +86 @14,810
Bank Nifty +60 @32,887

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