Markets closed on a flat note, FMCG Stocks underperformed

FMCG stocks were among the top underperformers with stocks like ITC & HUL adding heavy short positions during the day.

Oct 19, 2021 03:10 IST India Infoline News Service

Stock market report with bull and bear
Markets witnessed a volatile day of trade as across the board profit booking was seen during the closing part of the trade.

Both Nifty and Bank Nifty gave up its opening gains during the second half, to close in the red.  

FMCG stocks were among the top underperformers with stocks like ITC & HUL adding heavy short positions during the day.

Nifty Midcap 100 index closed ~2.5% lower.

Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:4x. Bank Nifty unwinding of long positions during the day.

On the options front (October 29, 2021 expiry), across the board writing was seen in the call option strikes as the Nifty index trended lower. India Vix index closed at 17.35, up ~1%.
Top 2 F&O Gainers: LTI & MPHASIS
Top 2 F&O Losers: IRCTC & TATA POWER
Nifty -55 @18,422
Bank Nifty -144 @39,540

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