A telephone handset sits on a desk on the trading floor. (Photographer: Jason Alden/Bloomberg)

Nifty Logs Worst F&O Series In Seven Months As Financials Drag

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Closing Bell: Sensex Drops Over 200 Points, Nifty Settles Below 11,000

Indian equity benchmarks extended losses dragged by banking and financial shares as futures and options contracts for September series expired.

The S&P BSE Sensex fell 0.6 percent or 218 points to 36,234 and the NSE Nifty 50 Index dropped 0.7 percent or 76 points to 10,978.

Nifty logged in the worst futures and option series since February as it fell 5.99 percent.

In today’s trade, seventeen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index’s 2.8 percent drop. On the other hand, the S&P BSE IT Index was top gainer, up 0.77 percent.

Maruti Suzuki Falls To Lowest In 13 Months, Slumps 4.2%

Shares of the country's largest carmaker fell as much as 4.2 percent to Rs 7,510, its lowest level in 13 months on heavy volumes.

Trading volume was 1.3 times its 20-day average, data compiled by Bloomberg showed.

Nifty Logs Worst F&O Series In Seven Months As Financials Drag

GMR Infrastructure Struggles After Block Deals

  • GMR Infra has 81 lakh shares change hands in three blocks. Stock down 4.3 percent at Rs 16.85.

Buyers and sellers were not immediately known

Source: Bloomberg

Subros Slumps After Board Approves Stake Sale To Denso

Shares of the Delhi-based automotive air-conditioning systems maker slumped after its board approved issuing 52.47 lakh equity shares to Denso Corporation, Japan on preferential basis.

  • Board approved preferential issue of shares at Rs 400 per share.
  • Post preferential issue Denso's stake in the company will increase to 20 percent from 13 percent.
  • Stock fell as much as 6.35 percent to Rs 317.05

Market Check: Sensex, Nifty Extend Losses On F&O Expiry Day

Indian equity benchmarks extended decline led by losses in financials and private sector lenders on the F&O expiry day.

The Sensex fell 0.5 percent or 185 points to 36,356 and the Nifty 50 Index declined 0.6 percent or 68 points to 10,987.

Sixteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Finance Index's 1.55 percent decline.

Top Five Nifty Losers

  • Yes Bank
  • Indiabulls Housing Finance
  • Bajaj Finance
  • Dr. Reddy's Labs
  • Axis Bank

Top Five Nifty Gainers

  • Tata Steel
  • Asian Paints
  • Titan
  • Infosys
  • State Bank of India