Markets close less; Bank shares are not active

Markets saw a cheap trading day and long positions with key indices were unknown.

Bank Nifty cut Nifty by 1% and both indices declined.

Financial stocks such as HDFC Bank, SBI, and ICICI Bank were among the best performers.

The Nifty Midcap 100 index closed higher by 0.75%.

The market width ended in favor of improvements as the forecast/decline ratio ended at 3: 2x. Bank Nifty saw unknowingly long positions during the day.

Before the options (expiring June 03, 2021), as the Bank Nifty was low, call options were seen onboard writing during strikes. The India Vix index rose ~ 1.5% to close at 16.

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