Markets Gain On the Last day of Expiry For F&O Series

Stocks gained ground on the last day of expiry of the F&O series with the Sensex ending the day higher by 52 points, while the Nifty gained 18 points in trade.

Oil Marketing Companies had superb run in trade on hopes that the OPEC would not announce a rate cut in its meeting today. BPCL and HPCL gained ground on hopes that crude oil prices would fall further this benefiting these companies.

Hindustan Unilever and Infosys continued to gain ground with both the stocks hitting a fresh 52-week high in trade. Other Nifty stocks that gained ground were Mahindra and Mahindra and Punjab National Bank.

In fact, several PSU banking stocks saw a rally in their share prices with Oriental Bank also rallying more than 3 per cent in trade.

Meanwhile, markets across Europe were trading with gains with the German DAX and the French CAC gaining ground.

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