Markets closed on a flat note; PSU Bank stocks outperformed

On the options front (January 14, 2020 expiry), across the board option writing was seen in put option strikes as Nifty Bank trended higher.

Jan 13, 2021 10:01 IST India Infoline News Service

Markets witnessed a volatile day of trade with the benchmark index Nifty closed on a flat note. Bank Nifty outperformed the Nifty index by 0.8%. The index hit fresh lifetime high after a gap of 13 months. Nifty PSU Bank index was among the top outperformers, closing ~3.5% higher with majority of its constituents like SBI, BOB & Canara Bank adding heavy long positions. Midcap 100 index closed higher, up 0.5%. Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:2x. Nifty Bank index saw an addition of long positions during the day.

On the options front (January 14, 2020 expiry), across the board option writing was seen in put option strikes as Nifty Bank trended higher. India Vix index closed at 23.4, up ~2.5%.






Top 2 F&O Gainers: Bank Baroda & M&M
Top 2 F&O Losers: Bandhan Bank & Shriram Transports
Nifty +1 @14,565

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