Sensex, Nifty End Little Changed; Midcaps Outperform
A Volatile Session Of Trade
Indian equities began the March F&O series expiry week on a volatile note, ending little changed but with a negative bias.
The S&P BSE Sensex ended 90 points lower at 49,771 while the NSE Nifty 50 index ended 8 points lower at 14,736. Both benchmark indices fell for the fifth out of the last six trading sessions.
Sectoral indices had a mixed day in today's trade. The Nifty Bank was the top sectoral laggard, ending with losses of 1.6%. Other sectoral laggards in today's session were the PSU Bank index which fell 1.1%, the Media index, which fell 1% and the auto index, which saw a drop of 0.4%.
The outperformers were the defensive plays. The FMCG index ended 1.7% higher while the I.T. gained 1.8%. The Nifty Pharma index too was up 1.6% in today's session. The Nifty Realty index was the top sectoral gainer, ending 2.7% higher.
Broader markets saw the midcap stocks outperform in today's session. The Nifty Midcap index ended 0.8% higher while the Smallcap index was little changed.
The India Volatility Index rose 2.5% today to end at 20.5.
1,065 stocks on the NSE traded with gains while 893 stocks declined.