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F&O Expiry: Markets ends Dec series lower, Sensex down 298 pts; RIL dips 2%

All that happened in the markets today


SI Reporter  | New Delhi 


Indian equity declined for the third straight session as investors adjusted their positions on expiry of Futures and options (F&O) contracts for the December series.  

Banking counters, led by YES Bank, HDFC Bank, and Punjab National Bank, coupled with heavyweights like Reliance Industries, L&T, and Infosys dragged the benchmark S&P BSE Sensex 297.50 points or 0.72 per cent lower to 41,163.76 level. Bharti Airtel, RIL, L&T, and Sun Pharma slipped over 2 per cent, and were the top drags on the 30-share index. On the upside, ONGC, Tata Steel, Bajaj Finance, and NTPC gained between 1 and 2 per cent. On the NSE, the broader Nifty50 settled with 88 points, or 0.72 per cent, cut at 12,126.55-mark. 

The Sensex and Nifty had hit an intra-day low of 41,139.63 and 12,118.85, respectively. 

Sectorally, all the indices on the NSE, barring Nifty Metal index (up 0.58 per cent), closed the day in the negative territory. Nifty PSU Bank index was the worst performer of the day, down 1.46 per cent at close, followed by Nifty Pharma index (0.94 per cent), and Nifty Private bank and Bank indices (0.8 per cent each). 

In the broader market, the mid-caps followed the frontline indices, with the S&P BSE mid-cap index down 0.16 per cent to 14,794.78- level by close. On the contrary, the S&P BSE small-cap index settled 0.41 per cent higher at 13,439.24.


Asian shares ended higher on Thursday with Japan's Nikkei index up 0.6 per cent, while South Korea's Kospi closed 0.36 per cent higher. 

In the commodity market, oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-US trade war and OPEC-led efforts to constrain supply. Brent crude was up 28 cents, or 0.4 per cent, at $67.48 a barrel. West Texas Intermediate was up 25 cents, also a 0.4 per cent gain, at $61.36 a barrel.

(With inputs from Reuters)


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