Markets closed higher; Real Estate stocks outperformed

Real Estate Stocks was among the top outperformers, with Kolte Patil, Oberoi Realty & Sobha Developers leading from the front.

Aug 02, 2021 03:08 IST India Infoline News Service

Business growth, bull
Markets witnessed a continued buying frenzy throughout todays trade, with the benchmark index closing with strong gains.

Nifty outperformed the Bank Nifty index by ~0.4% with both the indices closing ~0.8%/0.4% higher.

Real Estate Stocks was among the top outperformers, with Kolte Patil, Oberoi Realty & Sobha Developers leading from the front, enabling Nifty Metal to close ~4.7 % higher.  

Nifty Midcap 100 index outperformed the benchmark index, closing ~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 (July 29, 2021 expiry), across the board writing was seen in the put option strikes as the Nifty index trended higher. India Vix index closed at 12.8, down ~0.1%.
Top 2 F&O Gainers: PIIIND & CHOLAINV
Top 2 F&O Losers: UPL & MARICO
Nifty +122 @15,885
Bank Nifty +126 @34,710

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