Markets settle near fresh lifetime highs; Metal Stocks outperformed

Bank Nifty outperformed the Nifty by 0.15% with both the indices closing ~0.85%/0.7% higher.

Oct 18, 2021 03:10 IST India Infoline News Service

Market at higher point1
Markets witnessed a positive day of trade, with the benchmark index closing higher as the indices closed on record highs.

Bank Nifty outperformed the Nifty by 0.15% with both the indices closing ~0.85%/0.7% higher. 

Nifty Metal index was among the top outperformers, closing ~4% higher with stocks like Vedanta, Hindalco & JSW Steel adding heavy long positions during the day.

Nifty Midcap 100 index closed ~1.2% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 1:1x. Bank Nifty saw an addition of long positions during the day.

On the options front (October 29, 2021 expiry), across the board writing was seen in the put option strikes as the Bank Nifty index trended higher. India Vix index closed at 17.2, up ~10%.
Top 2 F&O Gainers: TATA POWER & VEDANTA
Top 2 F&O Losers: AMARAJABATT & MCX
Nifty +138 @18,477
Bank Nifty +335 @39,676

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