Markets saw a volatile day of trading as full opening half profits were taken in the last hour of trading.
Bank Nifty surpassed Nifty% by 1% as a sharp rally was seen in major heavyweights like HDFC Bank and Kotak Bank.
Tata Motors’ share price fell% by 9% as the media reported management’s negative comments, suggesting JLR’s negative EPIT margins for the coming quarter.
Nifty Mid-cap 100 index closed lower on the 0.1%.
The market width ended in favor of the decline as the forecast/decline ratio ended at 2: 3x. The Nifty saw a long break during the day.
Before the options (expiring July 29, 2021), the board saw a call across the board and put options as the Nifty traded in a narrow range. The India Vix index 25 rose 1.5% to close at 12.25.