Sensex, Nifty End Near Day’s Low; Happiest Minds Ends 123% Higher
Closing Bell: A Weak Expiry
Indian equity markets ended the weekly options expiry session on a weak note, ending near the lowest point of the day, led lower by banks and metal stocks.
The S&P BSE Sensex ended 0.82% lower at 38,979 while the NSE Nifty 50 index managed to hold on to the 11,500 mark, ending 0.76% lower at 11,516.
Real Estate stocks were the top laggards in today's session. The index ended 1.7% lower. The other major laggards were metal stocks, with the metal index ending lower by 1.4%. Losses on the Metal index were mainly led by Hindalco, which ended 4% lower and as the top laggard on the Nifty 50 index.
Both Nifty Bank and the PSU Bank index ended with losses of over 1% in today's session.
Nifty Pharma, Media bucked the trend in today's session, ending with gains of 0.4%, as did the Nifty I.T. index, ending off the day's high but with gains of 0.2%.
Broader markets remained subdued in today's session as well. The Midcap index ended 0.25% lower while the smallcap index fell 0.5%.
The India Volatility Index ended 2.1% higher, above the mark of 20, at 20.08.
Market breadth stayed in favour of the laggards. 1,132 stocks on the NSE ended with losses while 690 stocks managed to end with gains.
The new listing on the bourses - Happiest Minds Technologies, ended with gains of 123.7% at Rs 371.35, as compared to its issue price of Rs 166.