Markets continue bullish momentum, IndusInd Bank takes a nosedive

Nifty Midcap100 & Smallcap indices outperformed the benchmark index as the rally spread to broader markets.

Jan 14, 2020 10:01 IST India Infoline News Service

Bombay Stock Exchange
Markets traded with a positive bias throughout the day with the Nifty index closing at record highs.

The Nifty Bank index underperformed the benchmark index led by profit booking seen in stocks like ICICI Bank, SBI & Indusind Bank. Nifty Midcap100 & Small cap indices outperformed the benchmark index as the rally spread to the broader markets. Shares of Indusind Bank closed ~4% lower owing to a rise in slippages in its Q3FY20 earnings.

The market breadth ended in favour of advances with the advance/decline ratio closing at 2:1x.

Nifty and Bank Nifty futures added heavy long positions as the open interest soared higher along with a sharp rise in the underlying price.

On the options front (January 16, 2019 expiry), across-the-board call and put option writing was seen in both Nifty and Bank Nifty indices as the indices traded in a narrow range. India Vix index closed at 13.95, down by ~3%
 
Top 2 F&O Gainers: TATAGLOBAL & AUROPHARMA
Top 2 F&O Losers: YESBANK & INDUSINDBANK
Nifty +73 @12,330
Bank Nifty -106 @32,072

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