Sensex, Nifty trade flat ahead of F&O expiry

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The Sensex and the Nifty were trading flat after some initial volatility ahead of the F&O expiry later today.

The Sensex was down 11 points, while the Nifty dropped 10 points in early trade. Leading the set of losers from the Nifty was HCL the, which dropped following results that lagged estimates. Other stocks from the Nifty that dropped in trade were HUL, NMDC, Tata Power, Mahindra and Mahindra and Asian Paints.

Larsen and Toubro, which dropped as much as 7 per cent on Wednesday following its results was trading marginally higher. ICICI Bank which had a good trading session on Wednesday gave up gains and was trading lower.

Mid cap stocks were having a good day in trade with Aurobindo Pharma rallying more than 3 per cent, while other notable gainers were GMR infra and Petronet LNG.

PSU banking stocks were weak in trade today after select results from the sector disappointed the markets. Stocks like IDBI Bank, Bank of India, Canara Bank and Syndicate Bank were all trading lower.

Realty stocks saw some selling pressure with stocks like DB Realty and IndiaBulls coming in for some selling pressure.
Meanwhile, markets in Asia were having a quiet session after the US Federal reserve continued its tapering programme and did not provide any hints of when interest rates would rise.

Read more about: sensex, nifty, aurobindo pharma
Story first published: Thursday, July 31, 2014, 10:28 [IST]
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