Bank Nifty underperformed the Nifty index by ~0.9% with both the indices closing around the intraday lows. Bank Nifty saw an addition of short positions during the day.
Financial stocks like SBI, Axis Bank & ICICI Bank were among the top underperformers, closing the day ~3% lower.
Nifty Midcap index closed, ~1.9% lower.
Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:3x.
On the options front (March 25, 2021 expiry), across the board writing was seen in the call option strikes as Bank Nifty trended lower. India Vix index closed at 22.4, up ~8%.
|Top 2 F&O Gainers:||AARTI IND & CIPLA|
|Top 2 F&O Losers:||TATASTEEL & IBULSHSGFIN|
|Bank Nifty||-891 @33,292|