F&O expiry: Sensex ends choppy trade on flat note, gains 6% in Aug series

Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)

Image SI Reporter New Delhi
MARKETS: Sensex, Nifty in the red ahead of F&O expiry; metals, PSBs drag

Stock market updates: Profit-booking in metals, PSBs, and select heavyweights like Bharti Airtel, Maruti Suzuki, Infosys, and HDFC Bank was countered by gains in Reliance Industries, ICICI Bank, HDFC, and HUL, resulting in a flat close on the bourses on Thursday. However, volatility ran high through the day as investors adjusted their portfolios amid F&O expiry of the August series.

By close, the S&P BSE Sensex was parked at 55,949 levels, up 5 points while the Nifty50 stood at 16,637, up 2 points. The broader markets, meanwhile, outran the frontline indices for the third consecutive day. Both, the BSE MidCap and SmallCap indices rose 0.3 per cent each.

Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent). On the upside, the Nifty FMCG index rose 0.58 per cent.
3:52 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index closed flat for the second consecutive day at 16637 and formed a Doji sort of candle pattern for the second consecutive session.  The index has formed a strong hurdle zone around 16700 until index wont cross above said level we may see capping to northward move and we may also see a profit booking towards the 16500 zone which strong base on the downside where traders can initiate fresh long keeping stop out level below 16400 zone on a closing basis, if manage to break above 16700 we may see a quick move towards 17k mark.
3:51 PM

CLOSING COMMENTS :: Vinod Nair, Head Of Research at Geojit Financial Services

Amid weak global cues, the domestic market traded cautiously with a positive bias. Renewed tension between China and US along with the fear of rise in the Delta variant capped the gains in the Asian market. Investors globally are awaiting the Fed Reserve’s Jackson Hole Economic Symposium on Friday to gain insights on asset tapering plans and economic outlook.
3:51 PM

CarTrade Tech tumbles to lowest level since listing

>> With the past three days' 8.7 per cent fall, the market price of CarTrade Tech has declined 11 per cent from its issue price of Rs 1,618 per share.
3:49 PM

Bharti Airtel declines 4% ahead of board meet on Aug 29

3:47 PM

Avenue Supermarts hits new high in trade, m-cap crosses Rs 2.5 trillion

3:46 PM

Mangalam Cement slips 5%, ends near day's low

>> We would like to inform you that shutdown of Kiln-II of Morak (Rajasthan) plant of the Company is being taken for approximately 40 days (feed off to feed on) from today i.e. 25th August, 2021 for the purpose of change of cooler in above said Kiln-II, the company said in a filing
3:44 PM

BSE Mid & smallcap indices beat benchmark Sensex

>> Both indices gained for third day in a row

3:41 PM

NIFTY FMCG :: Best sectoral gainer in today's session

>> ITC & Jubilant only losers in the FMCG index
3:40 PM

NIFTY METAL :: Only 1 stock ends higher in the 15 pack index

3:39 PM

SECTOR WATCH :: Nifty Metal, Media & PSU Bank indices top losers

>> FMCG index best sectoral performer today
3:37 PM

Sensex Heatmap | Top gainers & losers at close


>> TOP LOSERS: Airtel, Maruti, SBI

3:35 PM

CLOSING BELL :: Sensex flat, up 5 points; Nifty ends at 16,637 on F&O expiry

The BSE barometer Sensex ended the choopy session flat, up 5 points or 0.01% at 55,949. Meanwhile, NSE Nifty closed the day at 16,637, up 2 or 0.01%.  
3:22 PM

Global oil majors may be joining race to acquire BPCL

Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner and second-largest fuel retailer. READ MORE

3:08 PM

SpiceJet expects to restart Boeing MAX service by September-end

India's SpiceJet Ltd said on Thursday it expects Boeing Co's grounded 737 MAX jets in its fleet to return to service at the end of September following a settlement struck with lessor Avolon on leases of the aircraft. Around 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban, with 30 airlines already restarting their MAX aircraft services. READ MORE


3:00 PM

South Korea's rate hike suggests it's not too worried about Delta variant

The Bank of Korea has become the first advanced Asian economy to raise interest rates after the pandemic. This isn’t a one-and-done. When central banks start cutting or raising borrowing costs, they rarely pause after one move, because a single step gets little macroeconomic traction. Policy makers also face a public-relations debacle if they abandon new strategies quickly. So Governor Lee Ju-yeol would have thought long and hard before this decision. The question is whether the pandemic behaves. READ MORE

South Korea, coronavirus, economy

2:47 PM

Bitcoin's 60% rally from July lows may be running out of steam

The largest cryptocurrency fell as much as 4.4% Thursday to $46,588, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index. The drop pared Bitcoin’s rally since a July low to some 60%.
John Bollinger, inventor of Bollinger bands, in a tweet suggested taking some profits or hedging. Katie Stockton at Fairlead Strategies cited DeMark market-timing indicators as flagging about two weeks of “sideways-to-lower” prices. READ MORE

2:33 PM

Global stocks set for a correction as rally fizzles, say analysts

The blistering rally in global stocks is nearly over, any further gains will be limited and a correction is likely by the end of the year, a Reuters poll of analysts found. Global stocks have recovered by more than 90% from the troughs hit during the first wave of the COVID-19 pandemic, according to the MSCI world equity index that tracks shares in 50 countries. READ MORE

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

2:23 PM

KNR Constructions rallies 6% on dilution of entire stake in subsidiaries

KNRCL has entered into a Share Purchase Agreement (SPA) with Cube for the above mentioned three special purpose vehicles (SPV's). The company, in an investor presentation, said that in a phased manner it will sell to Cube its entire shareholding in the SPV. READ MORE

2:09 PM

Top Nifty gainers & losers at this hour

1:48 PM

Balrampur Chini, Dhampur Sugar: FPR could push stocks near breakout levels

Sugar stocks were in focus on Thursday, a day after the government hiked the minimum price that mills have to pay to sugarcane growers, also known as the Fair and Remunerative Price (FRP), by Rs 5 per quintal to Rs 290 a quintal for 2021-22 (October-September) sugar season. However, the government has ruled out any immediate commensurate increase in the sale price of sugar at least for now. READ MORE

First Published: Aug 26 2021 | 08:03 AM IST

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