Sensex, Nifty Halt Two-Day Gaining Streak On Weekly F&O Expiry Day
People walk through a metal detector at a security check-point at the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Kanishka Sonthalia/Bloomberg)

Sensex, Nifty Halt Two-Day Gaining Streak On Weekly F&O Expiry Day

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Closing Bell: Sensex, Nifty Halt Two-Day Gaining Streak On Weekly F&O Expiry Day

Indian equity benchmarks ended lower on weekly F&O expiry day, halting their two-day gaining streak.

The S&P BSE Sensex fell 0.19 percent to end at 40,575.17 and the NSE Nifty 50 fell 0.26 percent to close at 11,968.40. The broader markets represented by the NSE Nifty 500 Index fell 0.33 percent.

The market breadth was tilted in favour of sellers. About 1053 stocks declined and 750 shares advanced on National Stock Exchange.

Eight out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 2.2 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 4 percent.

Sensex, Nifty Halt Two-Day Gaining Streak On Weekly F&O Expiry Day

Stocks Moving On Heavy Volumes

KNR Construction

  • Stock rose as much as 19.3 percent to Rs 288.
  • Trading volume was more than 20 times its 20-day average.

Network18 Media & Investments

  • Stock rose as much as 18.5 percent to Rs 30.50.
  • Trading volume was more than 17 times its 20-day average.

IRB Infrastructure

  • Stock rose as much as 17.8 percent to Rs 89.40.
  • Trading volume was more than 11 times its 20-day average.

Aditya Birla Capital

  • Stock fell as much as 3.1 percent to Rs 209.30.
  • Trading volume was more than double its 20-day average.

Gayatri Projects Falls For Fourth Day; Shares Drop 20%

Shares of Gayatri Projects extended declines for the fourth consecutive trading session.

The stock fell as much as 20 percent, the most in record, to Rs 69.55, the lowest since August 2015.

The scrip declined 30 percent in four days. Trading volume was more than 10 times its 20-day average, according to Bloomberg data. Of the shares traded, 39 percent were at the ask price and 52 percent were at the bid.

Sectoral Indices Check: Nifty Media Index Top Sectoral Performer

Six out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Media Index’s 4.83 percent rally. On the flipside, the NSE Nifty Metal index was the worst sectoral performer, down 0.94 percent.

Market Check: Sensex, Nifty Subdued

Indian equity benchmarks fluctuated between gains and losses to trade flat.

The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,649 and 11,996 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded flat.

UCO Bank Extends Rally; Shares Surge 72% In Three Days

Shares of UCO Bank extended gains for the third consecutive trading session. The stock rose as much as 19.8 percent to Rs 22.40.

The scrip rallied 72 percent in three trading session. Trading volume was more than 16 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.

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