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F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy

CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy
CLOSING BELL

Stock market highlights: Equity settled lower after a volatile day on Thursday, the day of the monthly F&O (derivatives) expiry, as global cues remained unsupportive.

The ended at 56,410, down 188 points, while the Nifty50 closed at 16,818, down 41 points. Both the indices fell around 0.3 per cent each, slipping for a seventh consecutive session.

In the broader markets, the Nifty MidCap, and SmallCap indices added 0.4 per cent, and 0.6 per cent, respectively.

ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Abbott India, Jindal Steel, Escorts, tata Chemicals, SPARC, PVR, Suzlon Energy, and Allcargo Losgistics surged in the broader market space.

On the flipside, Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank, Dr Lal Path Labs, Vodafone Idea, Deepak Nitrite, Zendar Technologies, and Intellect Design Arena tumbled in trade today.

Among sectors, the Nifty Pharma index gained 1.3 per cent, followed by the Nifty PSU Bank index (up 1.1 per cent). On the downside, the Nifty IT index fell 0.9 per cent.

Global cues
European stocks fell on Thursday as the initial reprieve after the Bank of England stepped in to calm the seemingly faded. The pan-European Stoxx 600 fell 1.6 per cent by mid-morning, with autos dropping 3.4 per cent to lead losses.

Futures on Wall Street for all three main indices were also down between 0.8 per cent and 1 per cent. Earlier in Asia, indices ended mixed with Nikkei rising 0.9 per cent, and Hang Seng slipping 0.5 per cent.


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