Nifty ends the day below 12,100-mark; SBI outperforms

Nifty index underperformed Bank Nifty index by ~0.7% as banking stocks traded with a positive bias throughout the day.

Feb 20, 2020 10:02 IST India Infoline News Service

Markets traded volatile throughout the day with Nifty and Bank Nifty index posting a diverging trend. Nifty index underperformed Bank Nifty index by ~0.7% as banking stocks traded with a positive bias throughout the day.

Nifty Midcap100 index closed ~0.65% higher while, Nifty PSU index closed ~1% higher led by a strong upmove in SBI.

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

Nifty futures added short positions.

On the options front (February 20, 2020 expiry), across the board call option writing was seen in Nifty as the index trended lower.

India VIX index closed at 13.7, down 2.3%.
Top 2 F&O Gainers: IBULHSGFIN & MFSL
Top 2 F&O Losers: OIL & ESCORTS
Nifty -45 @12,081
Bank Nifty +105 @30,943

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