Markets are high; Realty stocks performed better

Markets saw a positive day of trading, with key indicators setting new long-term levels throughout the day.

Bank Nifty surpassed the Nifty index by 3 0.3%, with both indices up 0.7% / 0.4%.

Shares of Sofa Developers, Prestige Estate, DLF & Oberoi Realty Ltd closed higher by 4% as the Nifty Realty Index closed higher by 4% and added new long-term gains.

Nifty Midcap 100 index closed higher than ~0.5%.

The market width ended in favor of the decline as the forecast/decline ratio ended at 1: 1x. The Nifty added longer positions during the day.

Before the options (expiring July 29, 2021), the Nifty was high, so the board writing was seen throughout the Option Strikes. The India Vix index ended 25% lower at 12.25.

Leave a Reply

Your email address will not be published. Required fields are marked *