Pedestrians walk past the Bombay Stock Exchange (BSE) in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Fall On Expiry Day As Private Banks Drag

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Closing Bell: Sensex, Nifty Decline For Second Day In A Row

Indian equity benchmarks fell for second straight day dragged by private sector lenders as derivative contracts for the month of August expired.

The S&P BSE Sensex fell 0.08 percent or 33 points to 38,690 and the NSE Nifty 50 index declined 0.13 percent or 15 points to 11,677.

Nine out of 19 sector gauges compiled by BSE declined, led by the S&P BSE Energy index's 1 percent drop. On the other hand, the S&P BSE Utilities index was the top gainer, up 1.4 percent.

InterGlobe Aviation Struggles; Pratt Said To Assess A320neo Engine Vibrations In Latest Glitch

Shares of the Gurugram-based budget carrier fell 3.6 percent to Rs 932.70.

Pratt & Whitney is investigating incidents of excessive vibration in its engines that power Airbus SE’s A320neo aircraft, the latest in a series of problems that have plagued the new turbine, Bloomberg reported citing people familiar with the matter.

DLF Surges After Multiple Block Deals

  • DLF has 1.62 crore shares change hands in two blocks. Stock up 2.3 percent at Rs 222.35.

Buyers and sellers were not immediately available

Source: Bloomberg

NSE Says STT To Be Applicable On Physical Settlement Of Derivatives

National Stock Exchange clarified that higher Securities Transaction Tax will be applicable on physical settlement of derivatives.

BloombergQuint had earlier reported that investors taking physical delivery of securities to settle derivative contracts will have to pay a tenfold higher transaction tax than those who settle in cash.

Market Update: Sensex, Nifty Extend Losses Ahead Of F&O Expiry

Indian equity benchmarks extended losses led by decline in Reliance Industries, Kotak Mahindra Bank and HDFC twins ahead of the monthly expiry of derivative contracts.

The S&P BSE Sensex fell 0.3 percent or 103 points to 38,620 and the NSE Nifty 50 index declined 0.3 percent or 33 points to 11,658.

Eight out of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Private Bank index's 0.9 percent drop. On the flipside, the Nifty Metal index was top gainer, up 0.8 percent.

The overall breadth was marginally positive as 1,339 stocks were advancing while 1,161 were declining on the BSE.

Sensex, Nifty Fall On Expiry Day As Private Banks Drag

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