Nifty ends steady amid F&O expiry

Market benchmark Nifty recovered from early losses and ended steady at 8,615.25 in view of fag-end buying from operators amid expiry of October derivatives contracts.
Strong foreign capital outflows, signs of persisting bad loan pain for banks, continued low demand for consumer firms, talk of a big writedown at the Tata Group and weakness in global markets affected the market sentiment.
Foreign funds sold shares worth a net Rs 1450.65 crore yesterday, as per provisional data released by exchanges.
Shares of media, auto, IT, PSU Bank and metal sectors fell on heavy selling pressure. The Nifty Media index fell by 1.61 per cent, followed by Nifty Auto (1.43 per cent), Nifty IT (1.03 per cent), Nifty PSU Bank (1.16 per cent) and Nifty Metal (0.82 per cent).

The Nifty Midcap-50 also tumbled by 1.24 per cent.
The NSE 50-share Nifty resumed lower at 8,607.10 and hovered in a range of 8,624.85 and 8,550.25 before finishing at 8,615.25, showing no change from yesterday's close.

Major gainers were HDFC (3.29 per cent), Dr Reddy's Lab (2.54 per cent), ICICI Bank (2.12 per cent), ITC (1.82 per cent) and Bharti Airtel (1.70 per cent).
Major losers included Bharti Infratel (4.51 per cent), Asian Paints (3.35 per cent), Hero MotoCorp (3.08 per cent), Yes Bank (2.84 per cent) and Zee (2.39 per cent).
A total of 1,086 scrips declined, 545 firmed up while 58 ruled steady. Total securities that hit their price bands were 104.

Turnover in cash segment rose to Rs 26,858.34 crore from Rs 22,791.19 crore yesterday.
A total of 12,851.94 lakh shares changed hands in 86,01,678 trades. The market capitalisation of NSE stood at Rs 11,064,011 crore.