Markets close higher; Banking stocks outperform

10 Jan 2022 , 03:38 PM

Markets witnessed a positive day of trade, with the benchmark index trending higher for the major part of the trade.

Bank Nifty outperformed the Nifty index by ~0.6% with both the indices closing in the green with a ~1.6%/1% gains.

Across the board selling was seen in major heavyweights with  stocks like ICICI Bank & SBI contributing majority of the gains for the index, along with an addition of heavy long positions.

Nifty Midcap 100 index closed ~0.85% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:1x.

Nifty saw an addition of long positions during the day.

On the options front (January 27, 2021 expiry), across the board writing was seen in the put option strikes as the Nifty index trended higher. India Vix index closed at 17.6, up ~0.1%.

Top 2 F&O Gainers:	BOB & BHEL
Top 2 F&O Losers:	COFORGE & LTTS
Nifty	+190 @18,003
Bank Nifty	+608 @38,348