Markets close on a flat note on derivative expiry day The markets ended the day on a flat note amid a volatile session on F&O expiry day.
Markets close on a flat note on derivative expiry day The markets ended the day on a flat note amid a volatile session on F&O expiry day. While the Sensex finally closed down 71.27 points or 0.44% at 16015.56, the Nifty gained a marginal 1.40 points or 0.03% at 4830.25. The broader markets were relative outperformers. While the BSE Midcap Index gained 0.08% at 6,276.26, the BSE Smallcap Index ended at 7,526.78 up 1.18%. Market breadth was marginally positive as A/D ratio was 1.22:1 on the BSE. NSE cash turnover was Rs.15,455.54 crs. Vs. Rs.12,475.44 crs yesterday.
Sectorally, it was a mixed bag. The BSE Realty and FMCG indices were the outperformers as they gained more than 2%. The BSE IT lost about 3.1% and BSE Auto and Bankex lost more than 1% each. Gainers from the BSE-30 included Hindalco, HUL, Cipla and Bharti Airtel. Losers were Satyam Computers, SBI, Infosys and Tata Motors.
Today's volatility was expected as it was derivative expiry day. Markets could continue to consolidate at current levels before resuming their uptrend. We recommend a selective buying approach.
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