Nifty ends the day at life time high levels

Markets witnessed across the board buying throughout the day with both Nifty and Bank Nifty index closing on record highs.
Nifty index outperformed the Bank Nifty index by ~1%, led by strong gains in major heavyweights like HDFC Ltd and Infosys.

Among the banking heavyweights, HDFC Bank was the top index contributor, closing ~1% higher along with an addition of fresh long positions. Market breadth ended in the favour of the declines with advance/decline ratio closing at 3:2x.

Nifty and Bank Nifty future continued to add fresh long positions as the open interest soared along with a rise in the underlying price.

On the options front (December 12, 2019 expiry), across the board unwinding of call option writing and fresh put option writing was seen in both Nifty and Bank Nifty option strikes as the indices trended higher.

India VIX index closed at 12.54, down ~6.5 %.

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