Sensex Ends Higher On F&O Expiry; Tata Group Stocks Hit

The Nifty ended the day flat, while the Sensex gained ground on the final day of the F&O expiry for the Oct series.

Posted By:
Subscribe to GoodReturns

Benchmark indices ended the day higher with the Sensex and the Nifty rallying in the last 30 minutes of trade, as expiry led to the indices being extremely volatile.

Global markets were not very supportive and both the Asian and the European markets declined in trade. The Sensex ended the day higher by 79 points, while the Nifty ended flat in trade.

Sensex Ends Higher On F&O Expiry; Tata Group Stocks Hit
In Europe, the German DAX, and the French CAC were both trading lower, despite UK GDP beating forecast. The UK's FTSE was marginally lower in trade.

Leading the set of gainers in trade was HDFC, which rallied almost 3 per cent and the biggest gainer from the Sensex. Infratel and Asian Paints were the biggest losers in trade, dropping 4 per cent and 3 per cent each.

But, the action was in the Tata Group shares, which continued to decline for the third straight day. Indian Hotels lost as much as 4 per cent, while Tata Global Beverages lost as much as 5 per cent in trade.

Among the non index stocks, Infibeam surged a huge 7 per cent, after the company signed an MOU with IL&FS.

Smart Link on the other hand gained 5 per cent, after the company saw Q2 net profit at Rs 3.2 crore versus Rs 1.1 crore (YoY).

Meanwhile, the rupee was trading steady at 66.86 to the dollar. Check and convert currency rates here

GoodReturns.in

Read more about: sensex, nifty
Story first published: Thursday, October 27, 2016, 15:29 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC