Nifty Logs Best F&O Expiry Since March 2016
Closing Bell: Sensex, Nifty End Near Two-Month High
Indian equity benchmarks rallied for the fourth day to end near a two-month high.
The S&P BSE Sensex Index closed 1.27 percent higher at 36,170.41 and the NSE Nifty 50 Index closed at 10,858.70, up 1.2 percent. The Nifty registered its best F&O expiry since March 2016.
The market breadth was tilted in favour of buyers. About 872 stocks advanced and 842 shares declined on National stock Exchange.
Ten out of eleven sectoral gauges compiled by NSE advanced led by the NSE Nifty Financial Services Index's 1.93 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.78 percent.
Stocks Moving On Heavy Volumes
- Stock fluctuated between gains and losses to trade at Rs 177.30
- trading volume aws almost 60 times its 20-day average.
- Stock rose as much as 4.9 percent to Rs 546.
- Trading volume was more than 30 times its 20-day average.
- Stock fell as much as 5.9 percent to Rs 494.65
- Trading volume was more than 11 times its 20-day average.
- Stock rose as much as 1.7 percent to Rs 712.80.
- Trading volume was almost 40 times its 20-day average.
Neuland Laboratories Jumps On FDA Boost
Shares of Neuland Laboratories rose as much as 13.9 opercent, the most in over nine months to Rs 558.95.
The U.S drug regulator completed the inspection of its manufacturing facilities in Telangana and received no observations under Form 483, according to its stock exchange notification.
Trading volume was 13 times its 20-day average, Bloomberg data showed.
JSW Steel Approves Merger Of Four Units With Itself
JSW Steel Ltd.'s board approved the merger of four entities—JSW Steel board approves merger of Dolvi Minerals & Metals, Dolvi Coke Projects, JSW Steel Processing Centres and JSW Steel (Salav) with itself, according to its stock exchange filing.
The stock rose as much as 2.9 percent to Rs 317.65 after the announcement.
Alkem Labs At Over Four-month Low After A Block Deal
Shares of Alkem labs fell as much as 5.2 percent to Rs 1,820, its lowest since July 20.
About 13 lakh shares or 1.1 percent equity changed hands in a block deal, according to Bloomberg. Buyers and sellers were not known immediately.