Sensex, Nifty End Volatile F&O Expiry Lower Dragged By Autos, RIL
Employees walk past electronic ticker boards that indicate the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty End Volatile F&O Expiry Lower Dragged By Autos, RIL

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A Volatile F&O Expiry

Indian equities endured sharp swings on either side as the March series F&O expiry had a volatile close.

The S&P BSE Sensex ended 1.5% lower at 48,440 while the NSE Nifty 50 too fell 1.5% to end at 14,324. 45 out of the 50 index constituents ended with losses. The top contributor to the downside was Reliance Industries which fell over 2.5% and was down for the second day in a row.

Benchmark indices had nearly pared losses courtesy a recovery in banks and metal stocks but the recovery was swiftly sold into. This is the second F&O series loss posted by the markets in 2021.

Sectoral indices too endured a volatile trading session. The Nifty Media index ended as the top sectoral laggard with losses of 3%. The Nifty Auto index was among the top sectoral laggards, ending 2.8% lower.

The PSU Bank index, which fell as much as 5% during the session, recovered from the day's low to end with losses of 2.6%. The Nifty FMCG and Nifty I.T. indices too saw losses of over 2% in today's session. The realty index also saw declines of 2.5%.

The Nifty Bank index, which fell over 800 points intraday, saw a bout of recovery and ended 0.8% lower, just above the mark of 33,000 at 33,006. The Nifty Metal index was the only sectoral index that ended with a positive bias.

Broader markets underperformed the benchmark indices in today's session. The Nifty Midcap index fell 2% while the Smallcap index declined 2.2%.

Despite the heavy volatility, the India Volatility index rose only 1% to end at 22.7.

1,544 stocks on the NSE ended lower while 367 managed to post gains.

How Did The Sectoral Indices Fare

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