Post Session: Markets end flat ahead of F&O expiry

28/12/2016 16:36

Erasing early gains in the late afternoon trade minutes on account of heavy profit booking, Indian equity benchmarks ended on a flat note on Wednesday, with benchmark index Sensex ended nearly 3 points lower, while the NSE Nifty held its psychological level of 8,000-mark, as investors turned cautious ahead of the December futures & options contracts expiry, amidst mixed cues from fellow Asian peers.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 26,210.68, down by 2.76 points or 0.01 per cent, while the NSE Nifty ended at 8,034.85, up by 2 points or 0.02 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 26,415.05 and intraday low of 26,191.72, while the NSE Nifty touched intraday high of 8,100.55 and intraday low of 8,028.4.

The top losers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1052.20,-1.15%), Tata Steel Ltd. (Rs. 388.30,-1.13%), Hero MotoCorp Ltd. (Rs. 3004.80,-0.96%), Tata Motors Ltd. (Rs. 463.15,-0.72%), ICICI Bank Ltd. (Rs. 251.60,-0.67%), among others.

On the flip side, Coal India Ltd. (Rs. 295.30,+2.06%), Wipro Ltd. (Rs. 470.30,+1.36%), Dr. Reddy’s Laboratories Ltd. (Rs. 3070.50,+1.15%), Lupin Ltd. (Rs. 1452.15,+0.63%), Mahindra & Mahindra Ltd. (Rs. 1173.30,+0.57%), were among top gainers on BSE.

On the sectoral front, oil & gas and capital goods sector stocks emerged as top losers, falling as much as 0.27 per cent and 0.09 per cent respectively.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,935 shares traded, 1,600 advanced while 1,137 shares declined and 198 remained unchanged.

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