The benchmark equity indices — Sensex and Nifty — ended on a volatile note Thursday ahead of the expiry of December derivatives contracts amid weak trade in global equities. The 30-share BSE index ended 297.50 points or 0.72 per cent to 41,163.76, while NSE Nifty slipped 83.65 points or 0.68 per cent to 12,130.90. The stock markets had opened on a positive note. Bharti Airtel was the top loser in the Sensex pack followed by RIL, Sun Pharma, LT, Power Grid, HDFC Bank among others. On the other hand, Tata Steel was the major gainer, followed by Bajaj Finance, ONGC and NTPC among others. The stock markets turned volatile ahead of the expiry of December futures and options (F&O) contracts, the experts said.
The market remained shut on Wednesday on account of Christmas. In the previous session, the 30-share gauge ended 181.40 points, or 0.44 per cent, lower at 41,461.26. Similarly, the Nifty closed 48.20 points, or 0.39 per cent, down at 12,214.55.
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Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 114.38 crore, and domestic institutional investors offloaded shares worth Rs 345.22 crore on Tuesday, data available with the stock exchange showed.
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Source: Financial Express