Sensex Nifty edge down amid FO expiry RIL tumbles nearly 2 pc
Mumbai Dec 30 PTI Benchmark stock indices Sensex and Nifty ended marginally down on Thursday due to losses in oil and gas metal and auto stocks as investors remained cautious amid surging Omicron cases The 30-share BSE Sensex closed lower by 1217 points or 002 per cent at 5779432 amid the monthly expiry of derivatives contracts As many as 14 of its stocks declined while 16 advanced The broader NSE Nifty edged down by 965 points or 006 per cent to 1720395 with 27 of its constituents closing in the red Analysts said benchmark stock indices continued to trade in a narrow range on the back of thin volumes due to tepid investor activity ahead of the year-end Reliance Industries was the top loser in the Sensex pack falling nearly 2 per cent due to profit-booking by investors Tata Steel declined by 134 per cent Maruti Suzuki by 082 per cent and Bajaj Finance by 063 per cent Sun Pharma SBI Nestle MM and UltraTech were among the losers On the other hand NTPC rose by 313 per cent to emerge as the biggest gainer among Sensex peers HCL Tech rose by 194 per cent Titan by 185 per cent and IndusInd Bank by 174 per cent Titan Wipro and Dr Reddys were also among the gainers On a monthly expiry day the markets had a rollercoaster ride The start was weak amid a muted show of global peers due to concerns with regards to the rise in Omicron cases Selling pressure in sectors such as metals PSU banks and Oil Gas impacted sentiments Ajit Mishra VP – Research Religare Broking Ltd said Vinod Nair Head of Research at Geojit Financial Services stated that domestic bourses witnessed a choppy session lifted by gains in IT and healthcare stocks on the day of the monthly FO expiry Globally the markets were mixed as investors are weighing the consequences of a third wave amid surging inflation worldwide Banking stocks especially PSUs were under pressure as RBIs financial stability report suggested a surge in bad loans with NPAs rising from 69 per cent in September 2021 to 81 per cent in September 2022 under the base case scenario Nair commented In the larger market the BSE Midcap Index declined by 022 per cent while the BSE SmallCap Index advanced by 019 per cent Among sectoral indices BSE Energy dropped by 162 per cent Oil Gas by 143 per cent BSE Metal by 115 per cent and BSE Realty by 099 per cent On the other hand BSE IT advanced nearly 1 per cent followed by BSE Teck Consumer Durables and Bankex FIIs have sold equities worth almost USD 27 billion in December This is the 3rd consecutive month wherein FIIs would be the net sellers Overall FIIs continue to be the net sellers for the entire year 2021 Rahul Gupta AVP-Derivative Sales Institutional Equity Emkay Global Financial Services said Going forward two important things to watch out for in the market is the spread of the new variant Omicron and at the same time how the Fed policy panes out he added After a muted opening the Nifty moved in a narrow range between 17150 and 17250 It made a couple of attempts to hold on to the higher terrain at 17250 but slipped from the level due to a lack of follow-through buying interest Shrikant Chouhan Head of Equity Research Retail Kotak Securities Ltd said Elsewhere in Asia bourses in Shanghai and Hong Kong ended with gains while Seoul and Tokyo were in the red Stock exchanges in Europe were trading on a mixed note in mid-session deals Meanwhile international oil benchmark Brent crude declined 068 per cent to USD 7869 per barrel Foreign institutional investors FIIs were net sellers in the capital market as they offloaded shares worth Rs 97523 crore on Wednesday according to stock exchange data PTI BAL MR MR
Mumbai Dec 30 PTI Benchmark stock indices Sensex and Nifty ended marginally down on Thursday due to losses in oil and gas metal and auto stocks as investors remained cautious amid surging Omicron cases The 30-share BSE Sensex closed lower by 1217 points or 002 per cent at 5779432 amid the monthly expiry of derivatives contracts As many as 14 of its stocks declined while 16 advanced The broader NSE Nifty edged down by 965 points or 006 per cent to 1720395 with 27 of its constituents closing in the red Analysts said benchmark stock indices continued to trade in a narrow range on the back of thin volumes due to tepid investor activity ahead of the year-end Reliance Industries was the top loser in the Sensex pack falling nearly 2 per cent due to profit-booking by investors Tata Steel declined by 134 per cent Maruti Suzuki by 082 per cent and Bajaj Finance by 063 per cent Sun Pharma SBI Nestle MM and UltraTech were among the losers On the other hand NTPC rose by 313 per cent to emerge as the biggest gainer among Sensex peers HCL Tech rose by 194 per cent Titan by 185 per cent and IndusInd Bank by 174 per cent Titan Wipro and Dr Reddys were also among the gainers On a monthly expiry day the markets had a rollercoaster ride The start was weak amid a muted show of global peers due to concerns with regards to the rise in Omicron cases Selling pressure in sectors such as metals PSU banks and Oil Gas impacted sentiments Ajit Mishra VP – Research Religare Broking Ltd said Vinod Nair Head of Research at Geojit Financial Services stated that domestic bourses witnessed a choppy session lifted by gains in IT and healthcare stocks on the day of the monthly FO expiry Globally the markets were mixed as investors are weighing the consequences of a third wave amid surging inflation worldwide Banking stocks especially PSUs were under pressure as RBIs financial stability report suggested a surge in bad loans with NPAs rising from 69 per cent in September 2021 to 81 per cent in September 2022 under the base case scenario Nair commented In the larger market the BSE Midcap Index declined by 022 per cent while the BSE SmallCap Index advanced by 019 per cent Among sectoral indices BSE Energy dropped by 162 per cent Oil Gas by 143 per cent BSE Metal by 115 per cent and BSE Realty by 099 per cent On the other hand BSE IT advanced nearly 1 per cent followed by BSE Teck Consumer Durables and Bankex FIIs have sold equities worth almost USD 27 billion in December This is the 3rd consecutive month wherein FIIs would be the net sellers Overall FIIs continue to be the net sellers for the entire year 2021 Rahul Gupta AVP-Derivative Sales Institutional Equity Emkay Global Financial Services said Going forward two important things to watch out for in the market is the spread of the new variant Omicron and at the same time how the Fed policy panes out he added After a muted opening the Nifty moved in a narrow range between 17150 and 17250 It made a couple of attempts to hold on to the higher terrain at 17250 but slipped from the level due to a lack of follow-through buying interest Shrikant Chouhan Head of Equity Research Retail Kotak Securities Ltd said Elsewhere in Asia bourses in Shanghai and Hong Kong ended with gains while Seoul and Tokyo were in the red Stock exchanges in Europe were trading on a mixed note in mid-session deals Meanwhile international oil benchmark Brent crude declined 068 per cent to USD 7869 per barrel Foreign institutional investors FIIs were net sellers in the capital market as they offloaded shares worth Rs 97523 crore on Wednesday according to stock exchange data PTI BAL MR MR
