Markets closed on a volatile note; Nifty holds 10,300 level

The Nifty Pharma index slipped ~1.5% as stocks like Sun Pharma, Dr Reddys, Cipla & Aurobindo Pharma trended lower along with an addition of short positions.

Jun 30, 2020 03:06 IST India Infoline News Service

Stock market report with bull and bear
Domestic markets witnessed a sharp sell-off in the closing hours of the trade shedding all its opening gains. The Bank Nifty index marginally outperformed, and also the Nifty index, closing on a flat note. On the other hand, the Nifty Pharma index slipped ~1.5% as stocks like Sun Pharma, Dr Reddys, Cipla & Aurobindo Pharma trended lower along with an addition of short positions.

The Nifty Midcap100 index closed marginally lower, down with ~0.25%. The market breadth ended in favour of the declines with the advance/decline closing at 2:3x. Nifty future saw long unwinding for the second consecutive trading session.

On the options front (July 02, 2020 expiry), across the board Call option writing was seen in both Nifty and Bank Nifty index as the indices traded with a negative bias. India Vix index closed at 29.8, down 5%
Top 2 F&O Gainers: Jindal Steel & Bosch
Top 2 F&O Losers: Idea & Indiabulls Housing Finance
Nifty -5 @10,307
Bank Nifty +17 @21,376

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