Markets close less; Bank shares are not active

Markets saw a negative trading day.

Bank Nifty cut the Nifty index by 8 0.8% and both indices were down ~ 1.4% / 0.6%.

Shares of Adani End, Adani Ports, SBI, and ICICI Bank added short-term gains, while Adani Group shares and financial stocks were the best performers.

The Nifty Midcap 100 index closed 1.3% lower.

The market width ended in favor of the decline as the forecast/decline ratio ended at 1: 2x. The Nifty saw long positions in the daytime unaware.

Before the options (expiring June 24, 2021), as the Bank Nifty was low, call options were seen onboard writing during strikes. The India Vix index rose 4% to close at 15.4.

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