Markets end lower on Derivative expiry day Markets ended lower amid extreme volatility on the day of settlement of January series.

Markets end lower on Derivative expiry day Markets ended lower amid extreme volatility on the day of settlement of January series.

Markets end lower on Derivative expiry day Markets ended lower amid extreme volatility on the day of settlement of January series. While the Sensex closed 21.19pts or 0.23% lower at 9,236.28, the Nifty lost 25.55pts or 0.9% to close at 2823.95. The broad market indices too ended lower as the BSE Midcap and Small Cap indices were down by 0.39% and 0.05% respectively. Market breadth was negative as A/D ratio was 0.91:1 on the BSE. NSE cash turnover was higher at Rs.11,621crs.Vs. Rs.9,764crs. on Wednesday.

Most of the sectoral indices ended lower. The top losers were the BSE Realty, Capital goods, Power and Consumer Durables indices. The indices that closed with the most gains were the BSE Auto and IT indices. The top gainers from the BSE-30 were JP Associates, Maruti, M&M, Tata Steel and Hindalco. The top losers were DLF, Bharti, Wipro, BHEL and RCom.

The 2850 levels on the Nifty has acted as a strong resistance today as the Nifty failed to close above the same levels today. The war between the bulls and bears is likely to continue till the main indices make a decisive move either on the upside or downside.