Markets close on a flat note; Housing finance companies outperformed

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Markets experienced a volatile trading day on Tuesday as the pendulum swings were felt.

Bank Nifty slightly underperformed the Nifty Index by around 0.25%, with both indices posting profits, closing down around 0.15% / 0.35%.

Housing finance stocks were among the top performers with stocks like HDFC Ltd and LIC Hsg Fin adding new long positions throughout the trading session.

The Nifty Midcap 100 index closed down ~ 0.3%.

The market size ended in favor of the bears, with the lead / bear ratio closing at 1: 2x. Nifty saw an unwinding of long positions during the day.

On the options front (expiring September 30, 2021), a general write-off was seen in call option strikes as the Nifty index trended downward.

The India Vix index closed at 14.8, down around 2%.

Top 2 F&O winners: IDEA & IRCTC
Top 2 F&O Losers: DLF & NALCO
owl -22 @ 17,356
Smart bank -135 @ 36,458


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