F&O expiry: L&T, HDFC twins drag Sensex 173 pts; Nifty settles at 11,671
All that happened in the markets today
 "Markets")
India VIX gained over 3.5 per cent to 24 levels.
The domestic stock market ended nearly 0.5 per cent lower on Thursday, the last day of the futures and options (F&O) contracts for the October series.
The S&P BSE Sensex ended 173 points, or 0.43 per cent lower at 39,750 levels while NSE's Nifty ended at 11,671, down 59 points, or 0.5 per cent. India VIX gained over 3.5 per cent to 24 levels.
HDFC Bank, HDFC, and L&T were the major contributors to the Sensex's fall today while Reliance Industries (RIL), and Asian Paints gave the much-needed support.
In the broader market, the S&P BSE MidCap index ended flat at 14,812 levels while the S&P BSE SmallCap index dropped 0.5 per cent to 14,893 levels.
On the NSE, barring Nifty IT, all the other sectoral indices ended in the red.
In the broader market, the S&P BSE MidCap index ended flat at 14,812 levels while the S&P BSE SmallCap index dropped 0.5 per cent to 14,893 levels.
On the NSE, barring Nifty IT, all the other sectoral indices ended in the red.
Global markets
European stocks edged higher on Thursday after strong earnings reports from companies including oil major Royal Dutch Shell and chip equipment supplier ASM, but sentiment remained fragile a day after a broad selloff on lockdown fears.
In Asia, stock markets fell. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent, with the heaviest drops in Australia, down 1.6 per cent, and South Korea, down 1 per cent.
Japan’s Nikkei fell just 0.3 per cent, Chinese blue chips rose 0.5 per cent and the yuan led a gentle bounce in Asian currencies against the greenback.
In commodities, oil prices declined.
(With inputs from Reuters)
4:05 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
As expected, the Indian stock market has turned its focus from Q2 result driven rally to international developments as the global market is worsening. Markets across the world are volatile because of rising corona cases impacting the recovery of the economy and ambiguities over the US election and stimulus package. Additionally, today Indian indices ended weak following October monthly F&O expiry. This weakness can stay for the short-term, a reversal can happen as strong fiscal and monetary stimulus is expected from governments and central banks in the world to overcome the crisis.
3:43 PM
SECTOR WATCH | Nifty IT bucks the trend, ends in the green
3:42 PM
MARKET AT CLOSE | Losers and gainers on the BSE Sensex
3:35 PM
CLOSING BELL
The S&P BSE Sensex dropped 173 points, or 0.43 per cent to settle at 39,750 levels while NSE's Nifty ended at 11,671, down 59 points, or 0.5 per cent.
3:27 PM
MARKET CHECK
3:15 PM
NEWS ALERT | Cabinet approves 100% jute bag packaging for food grains: CNBC TV18
-- Cabinet approves 20% jute bag packaging for sugar
3:13 PM
Heatmap: S&P BSE Sensex gainers and losers at this hour
3:11 PM
UltraTech Cement gains over 3%
3:03 PM
MARKET CHECK | Sensex down 0.6%
2:50 PM
Bank of Baroda back in the black in Q2, reports net profit of Rs 1,679 cr
State-owned Bank of Baroda on Thursday reported a standalone net profit of Rs 1,678.6 crore for July-September quarter (Q2FY21) on the back of lower provisons. In the previous quarter of the current fiscal (Q1FY21), the lender had incurred a loss worth Rs 864.26 crore. On a yearly basis, PAT grew 128 per cent from Rs 736.6 crore. READ MORE
Topics : Markets Axis Bank Larsen & Tourbo InterGlobe Aviation Bank of Baroda Vodafone Idea BPCL MARKET WRAP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 29 2020 | 8:04 AM IST