Nifty Logs Worst F&O Series In Seven Months
Closing Bell: Nifty Logs Worst F&O Series In Seven Months
The Nifty’s futures and options series posted a loss for the second straight month in February.
In the February series, the 50-stock index fell 3.5 percent, registering its worst F&O series in five months, according to data compiled by BloombergQuint.
Today, Indian indices extended declines for the fifth consecutive trading session. The S&P BSE Sensex fell 0.36 percent to close at 39,745.66 and the NSE Nifty 50 fell 0.39 percent to end at 11,633.30. The broader markets represented by the NSE Nifty 500 Index fell 0.45 percent.
The market breadth was tilted in favour of sellers. About 1,189 stocks declined and 594 shares advanced on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Realty Index’s 2.4 percent fall. On the flipside, the NSE Nifty Pharma Index was the top sectoral gainer, up 0.59 percent.
Stocks Moving On Heavy Volumes
Lakshmi Machine Works
- Stock rose as much as 4.6 percent to Rs 3,414.90.
- Trading volume was almost eight times its 20-day average.
- Stock rose as much as 13.5 percent to Rs 61.65.
- Trading volume was more than five times its 20-day average.
- Stock fell as much as 4.8 percent to Rs 331.25.
- Trading volume was six times its 20-day average.
TCI Express Resumes Gain After One-Day Breather
Shares of TCI Express resumed declines after a one-day breather. The stock fell as much as 8.3 percent to Rs 822.20.
The scrip traded at 34 times its estimated earnings per share for the coming year, Bloomberg data showed.
Future Consumer Recovers From 12% Drop
Shares of Future Consumer fell 5.7 percent to Rs 15.70 after declining as much as 12.9 percent earlier.
The stock extended declines for the ninth consecutive trading session, its longest losing streak since October 2019.
The Relative Strength Index was below 30, indicating that the stock may be oversold, according to Bloomberg data.
BASF India Rallies For Second Consecutive Trading Session
Shares of BASF India extended rally for the second consecutive trading session. The stock rose as much as 12.9 percent to Rs 1,062.
The scrip advanced 27 percent in two trading sessions, the best two-day rally on record. Trading volume was more than 30 times its 20-day average, Bloomberg data showed.
Gulf Oil Lubricants Halts Two-Day Losing Streak, Shares Surge 19%
Shares of Gulf Oil Lubricants halted their two-day losing streak. The stock rose as much as 19.3 percent, the most since October 2016, to Rs 850.
Trading volume was almost 17 times its 20-day average, Bloomberg data showed. The stock returned 8.7 percent in the past five days and fell 1.3 percent in the past 30 days.