Markets witnessed a sharp selloff during the major part of trade, as across the board profit booking weighed in.
Nifty underperformed the Bank Nifty index by ~0.5% with both the indices closing in the red, down by ~1%/0.5%.
Nifty IT index closed 2.2% lower with major heavyweights like TCS, Tech M & Infosys contributing majority of the loses for the index, along with an unwinding of long positions.
Nifty Midcap 100 index closed ~0.1% lower.
Market breadth ended in the favour of the declines with the advance/decline ratio closing at 2:3x. Nifty saw an unwinding of long 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 17.8, down ~0.2%.
Top 2 F&O Gainers: | BIOCON & TATA POWER |
Top 2 F&O Losers: | LTTS & INFOEDGE |
Nifty | -175 @17,938 |
Bank Nifty | -169 @38,041 |
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.