Markets saw a volatile day of trading as the pendulum swung.
Both the Bank Nifty and the Nifty index closed around their highs, recovering their first-half losses in the second half of trading.
Shares of the bank topped the list with shares such as SBI, ICICI Bank, and HDFC Bank.
The Nifty PSU Bank Index closed ~ 4% higher and the Nifty Midcap 100 Index closed 1% higher.
The market width ended in favor of improvements as the forecast/decline ratio ended at 3: 2x. The Nifty saw short envelopes during the day.
Before the options (expiring June 24, 2021), the Nifty was at a high level, with the board writing throughout the Option Strikes. The India Vix index rose 0.5% to close at 14.85.