Markets closed lower; Midcap stocks outperformed

Both Nifty and Bank Nifty indices traded with a negative bias in a narrow trading range, closing ~0.3%/0.5% lower.

Oct 22, 2020 03:10 IST India Infoline News Service

Stock Market Crash
Markets witnessed a lacklustre day of trade as profit booking was seen in major sectoral indices. Both Nifty and Bank Nifty indices traded with a negative bias in a narrow trading range, closing ~0.3%/0.5% lower.

Midcap stocks were among the biggest outperformers with stocks like Cochin Shipyard & JK tyre closing ~10% higher.  The Nifty Midcap index closed ~0.7% higher.

The market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Nifty & Bank saw a marginal unwinding of long positions during the day.

On the options front (October 22, 2020 expiry), across the board writing was seen in call option strikes as the Nifty and Bank Nifty index trended lower.

India Vix index closed lower at 22.6, down 1%.
Top 2 F&O Gainers: Tata Elxsi & Shriram Transports
Top 2 F&O Losers: JublFood & Aurobindo Pharma
Nifty -31 @11,907
Bank Nifty -151 @24,484

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