Nifty Bank index plummets; RIL outperforms in today's trade

Nifty FMCG, Nifty IT, & Nifty PSU Bank were among the top underperforming indices today, closing ~2-3% lower.

Aug 13, 2019 10:08 IST India Infoline News Service

High angle view of two business executives working at the stock exchange
Indian equity markets traded with a negative bias throughout the day as across-the-board selling pressure weighed in.

Nifty FMCG, Nifty IT, & Nifty PSU Bank were among the top underperforming indices today, closing ~2-3% lower.

Shares of Reliance Industries rallied ~10%, witnessing the highest trading volume since its listing.

The market breadth ended in favor of declines with the advance/decline ratio closing at 1:3x.
               
On the options front (August 14, 2019 expiry), across-the-board short selling was seen in Nifty out-of-the-money call option strikes making 11,000 level as an immediate ceiling level for the index in the weekly series.

India Vix closed at 12, up 12%.
 
Top 2 F&O Gainers: IBULHSGFIN  &  RELIANCE
Top 2 F&O Losers: DHFL & YESBANK
Nifty -184 @10,926
Bank Nifty -703 @27,729

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