Markets close lower; Midcap stocks underperformed

21 Jan 2022 , 03:34 PM

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

Both Bank Nifty and Nifty index fell by ~0.8% as across the board selling pressure weighed in.

Midcap heavyweights saw a heavy selloff with stocks like Balrampur Chini, Greaves Cotton & Zomato closed around intraday lows, along with an unwinding of long positions.

Nifty Midcap 100 index closed ~2.2% lower.

Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:4x. Nifty saw an addition of short positions during the day.

On the options front (January 27, 2021 expiry), across the board writing was seen in the call option strikes as the Nifty index trended lower. India Vix index closed at 18.9, up ~6%.

Top 2 F&O Gainers:	BAJAJ AUTO & BIOCON
Top 2 F&O Losers:	BALRAMPUR CHINI & ZEEL
Nifty	-140 @17,617
Bank Nifty	-277 @37,574