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F&O Expiry: Sensex climbs 396 pts, Nifty ends at 11,573; Vedanta jumps 7%

All that happened in markets today.

Markets | F&O series | MARKET WRAP

SI Reporter  | New Delhi 


After a two-day consolidation, equity market staged a smart rebound on Thursday to end the last day of the September series of futures & options (F&O) contracts on a positive note. Across-the-board buying and hopes of US-China trade truce after US President Donald Trump said on Wednesday a deal to end a nearly 15-month trade war with China “could happen sooner”, boosted investor sentiment. 

The S&P BSE Sensex climbed 396 points or 1.03 per cent to end at 38,989.74, with Vedanta (up 7 per cent) being the top gainer and YES Bank (down 5 per cent) the biggest loser. Out of 30 constituents, 23 ended in the green and rest seven in the red. 

In the broader market, the S&P BSE MidCap gained 131 points or 0.92 per cent to close at 14,355.70 levels and the S&P BSE SmallCap index settled at 13,440.49, up 57 points or 0.42 per cent. 

On NSE, the broader Nifty50 index settled at 11,573.30, up 133 points or 1.22 per cent, with 41 constituents advancing and 9 ending in the red. 

Among the sectoral indices on the NSE, barring IT, all the indices settled in the positive zone. Metal stocks rallied the most, followed by realty and auto stocks. The Nifty Metal index gained 4.32 per cent to end at 2,525. On the other hand, Nifty IT index ended at 15,317, down 0.29 per cent. 


ICICI Bank’s market capitalisation (m-cap) inched towards Rs 3 trillion-mark as the stock of the private sector lender hit a new high of Rs 458, up 6 per cent on the BSE in the intra-day deals on Thursday. The stock closed at Rs 452, up 4 per cent. 

Shares of YES Bank dipped 5 per cent on the BSE to hit a six-year low of Rs 50.85 on Thursday despite the private sector lender assuring investors that it was on course to raise growth capital. The scrip ended 5 per cent lower at Rs 51 apiece. READ MORE

Shares of Bharat Petroleum Corporation Limited (BPCL) gained for the fifth straight day, on reports that the government was considering selling its stake to a global oil company. During the session, it traded at its highest level since February 2018. At close, shares of the company stood at Rs 480, up over 3 per cent. READ MORE


Asian stocks pared gains on Thursday and safe-haven assets rose as optimism for a quick resolution to the US-China trade war faded. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent. Japan’s Nikkei slid 0.12 per cent. The pan-region Euro Stoxx 50 futures were down 0.09 per cent, German DAX futures were down 0.02 per cent, while FTSE futures fell 0.03 per cent. US stock futures fell 0.18 per cent on Thursday, following a 0.62 per cent increase in the S&P 500 on Wednesday.

(With inputs from Reuters)


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