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)
SI Reporter New Delhi
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.
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.
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.
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BSE Mid & smallcap indices beat benchmark Sensex
>> Both indices gained for third day in a row
NIFTY FMCG :: Best sectoral gainer in today's session
>> ITC & Jubilant only losers in the FMCG index
NIFTY METAL :: Only 1 stock ends higher in the 15 pack index
SECTOR WATCH :: Nifty Metal, Media & PSU Bank indices top losers
>> FMCG index best sectoral performer today
Sensex Heatmap | Top gainers & losers at close
>> TOP GAINERS: RIL, M&M, HCL Tech
>> TOP LOSERS: Airtel, Maruti, SBI
>> TOP LOSERS: Airtel, Maruti, SBI
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%.
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Topics : MARKET LIVE MARKET WRAP Markets Jackson Hole Conference Jackson hole meet F&O series Adani Green Energy Bharti Airtel Bank of India SGX Nifty S&P BSE Sensex Nifty50
First Published: Aug 26 2021 | 08:03 AM IST