Markets Rally On F&O Expiry Day

The weekly contracts of Sensex will expiry on Tuesday of every week instead of Fridays, the BSE said

The Sensex closed at 80,234.08, gaining 230.02 points or 0.29 per cent, while the Nifty50 ended at 24,274.90, up 80.40 points or 0.33 per cent, on November 27

Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry

The uptrend was signalled by GIFT Nifty futures that were trading about 50 points higher than Nifty futures' last close, at 26,047.50, around 7:30 AM.

On the technical charts, Bank Nifty made a 'Double Bottom' pattern at around 17,000 levels on May 22, which indicated that a rally was bound to happen, says Nandish Shah of HDFC Securities

Biggest expiry day rally in 20 months; Sensex at record high