Nifty sinks 133 pts on expiry volatility, BOJ policy

Equities suffered their worst one-day fall in three-weeks following fresh bout of profit-taking on expiry day on the back of Japan's central bank dashing market hopes of a stimulus.
The massive panic unwinding sent the benchmark Nifty tumbling by 133 points to close below the 7,900-mark.
Defying market expectations, the Bank of Japan kept its three central policy tools unchanged despite data showing the country had fallen back into deflation, which spooked investors sentiment across the globe.
It also lowered GDP growth forecast for this year.
The US Federal Reserve also chose to keep its policy unchanged while signalling confidence in the economic outlook.

Finding no comfort with the situation amid renewed fears of growth slowdown, investors resorted to heavy selling across the board in late afternoon trade.

Moreover, traders also offloaded their long bets in futures and options (F&O) segment instead of carrying them forward to the next series.
The 50-share index resumed lower at 7,967.40 and fluctuated between a high of 7,992 and a low of 7,834.45 before concluding at 7,847.25, a steep fall of 132.65 points, or 1.66 per cent, over its last close.
On the sectoral front, FMCG tanked 2.35 per cent, followed by metal (2.33 per cent), energy (2.31 per cent), auto (1.91 per cent), PSU Bank (1.69 per cent), infra (1.53 per cent), IT (1.45 per cent), Nifty Bank (0.92 per cent) and pharma (0.81 per cent). The mid-cap and small-cap indices also slumped 1.07 and 1.02 per cent, respectively.

However, realty managed to withstand the carnage and rallied 1.68 per cent.
Key laggards were Infosys, ITC, HDFC, Reliance, ICICI Bank, HCL-Tech, HDFC Bank, M&M, Tata Motors, Maruti, SBI, L&T, HUL, Adani Ports, Sun Pharma, ONGC and Bharti Infratel.
Yes Bank, TCS, IDEA, Eicher, Axis Bank, Lupin, ACC and Tech Mahindra firmed up on good buying support.
Turnover in cash segment shot-up to Rs 25,613.43 crore from Rs 17,772.42 crore yesterday.
A total of 12,027.58 lakh shares changed hands in 90,46,067 trades. The market capitalisation of the NSE stood at Rs 95,20,152 crore.