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F&O Expiry: Financials drag indices, Sensex falls 335 pts; HDFC slips 4%

All that happened in the markets today

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Markets | Bharti Airtel | IndiGo

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

The domestic stock market ended Thursday's trade, the last day of the futures and options contracts (F&O) for the July series, in the red, mainly due to selling in the financial counters.

The S&P BSE Sensex slipped 335 points, or 0.88 per cent, to settle at 37,736 levels. IndusInd Bank (down over 5.6 per cent) ended as the biggest loser on the index while Sun Pharma (up nearly 3.5 per cent) emerged as the top gainer. 

NSE's Nifty ended at 11,102, down 101 points, or 0.9 per cent. Volatility index, India VIX, gained over 3 per cent to 24.90 levels. 

Among individual stocks, ended nearly 4 per cent lower at Rs 1,811 on the BSE after the company reported a standalone net profit of Rs 3,051.52 crore for June quarter of FY21 (Q1FY21), clocking a 4.7 per cent year-on-year (YoY) de-growth from Rs 3,203.1 crore-profit reported in Q1FY20. READ MORE

BPCL slipped nearly 8 per cent to Rs 419 after the government for the third time extended the deadline for bidding for the privatisation of the oil refiner by two months to September 30. READ MORE

In the broader market, the S&P BSE MidCap index ended 0.38 per cent lower to 13,710 levels while the S&P BSE SmallCap index ended at 12,916, down 56 points, or, 0.43 per cent.

On the sectoral front, barring Nifty IT and Nifty Pharma, all the other indices ended in the red.  

Global markets

Global shares fell on Thursday as the Federal Reserve’s pledge to use all its tools to support the US economy failed to reassure investors uneasy about a stalemate on fiscal support and rising cases. 

Europe’s STOXX 600 slipped 0.7 per cent. Earlier, gains in Asian shares were undone, with MSCI’s broadest index of Asia Pacific shares outside of Japan edging down 0.1 per cent.

The MSCI world equity index, which tracks shares in 49 countries, was 0.3 per cent lower, ending three days of gains.

In commodities, oil prices slipped, weighed down by concerns that surging infections around the globe could jeopardise a recovery in fuel demand just as major oil producers are set to raise output.

(With inputs from Reuters) 

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