The Indian benchmark indices S&P BSE Sensex and NSE Nifty 50 ended Thursday nearly flat but in the green. Gains in the cues are attributed to the rallying of the stocks of realty, banking and financial sectors. The current futures and options (F&O) contracts are set to expire tomorrow.
The S&P BSE Sensex ended the day at 39,113.47 points. It advanced by 39.55 points or 0.10%. The index fell 213.51 points from its day’s high of 39,326.98 points. The index did not receive support from the blue-chip stocks such as Infosys, Reliance Industries Limited (RIL), and HDFC Bank as these stocks witnessed an intense selling trend.
The Sensex was provided support by the financial stocks such as IndusInd Bank, SBIN, HDFC, Axis Bank, and ICICI Bank as their share price surged by 6.59%, 2.81%, 2.62%, 2.08%, and 0.80% respectively. ONGC emerged as the top loser among the Sensex index; it lost 1.47%. It was followed by Bajaj Auto as its share price tanked by 1.23%.
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The NSE Nifty 50 managed to close 0.084% or 9.65 points higher. It wrapped at 11,559.25 points. As many as 26 of the 50 Nifty stocks closed in the red, only 23 of them gained while the remaining one stock (Infy) closed flat. Reliance turned out to be the most significant loser among the Nifty stocks; its share price reduced by 1.37%.
Among the sectoral indices on the National Stock Exchange (NSE), only Nifty FMCG and Nifty IT dropped. Nifty Realty gained the most among the sectoral indices as it closed the day 6.40% higher, while Nifty FMCG (-0.30%) collapsed the most. India VIX, the volatility gauge, fell 2.11% to close the day at the 18.8950 levels.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
