Markets end lower; Auto stocks underperform

Nifty Auto index closed ~0.9% lower led by a strong sell-off in the stocks like Maruti Suzuki & Hero MotoCorp.

Feb 18, 2020 10:02 IST India Infoline News Service

Markets witnessed wild swings throughout the day with both Nifty and Bank Nifty index posting a strong recovery in the closing hour of the trade.

Nifty index underperformed Bank Nifty index by ~0.1% with both the indices closing in the red.

Nifty Midcap100 index closed ~0.5% lower, while Nifty Auto index closed ~0.9% lower led by a strong sell-off in the stocks like Maruti Suzuki & Hero MotoCorp.

Market breadth ended in the favour of the declines with the advance/decline closing at 1:2x.

Nifty and Bank Nifty futures added short positions.

On the options front (February 20, 2020 expiry), across the board call option writing was seen as both Nifty and Bank Nifty index trended lower.
India VIX index closed flat at 14.5.
Top 2 F&O Gainers: MCDOWELL-N & BEL
Top 2 F&O Losers: YESBANK & IDEA
Nifty -53 @11,993
Bank Nifty -118 @30,563

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