The Nifty PSU Bank index was the biggest loser, closing ~4% lower with all the sectoral indices closing in the red.
Major heavyweights like Bajaj Finance & Zee Enterprises were among the top index losers as 90% of the Nifty constituents closed in the red.
The market breadth ended in favour of declines with the advance/decline ratio closing at 1:4x.
Nifty & Bank Nifty futures added fresh short positions.
On the options front (January 9, 2019 expiry), across-the-board call option writing & short covering in put option strikes was seen as both Nifty and Bank Nifty indices trended lower.
India Vix index closed at 12.7, up ~21% during the week.
|Top 2 F&O Gainers:||TITAN & MINDTREE|
|Top 2 F&O Losers:||IBULHSGFIN & NBCC|
|Bank Nifty||-832 @31,237|