Markets closed lower,  Nifty ends below 11,700 on F&O expiry day
Markets closed lower, Nifty ends below 11,700 on F&O expiry day


Indian share markets settled on a red note on Thursday ending with losses for the second consecutive day. The losses, however, were modest as compared to their other global peers.  The BSE Sensex finished 173 points lower at 39,749.85, while the NSE Nifty50 index closed at 11,670.80, down 59 points.  Sell-off continued throughout the day amid volatility due to October Future and Option (F&O) series expiry as well as weak global markets.

Among sectoral indices, the Nifty Media index ended as the top sectoral loser, ending 1.8 pc lower. The Auto and FMCG indices too saw cuts of 1 pc each. The Nifty Metal and Nifty Pharma indices declined 0.8 pc each.

Asian Paints, UltraTech Cement, Shree Cements, HCL Tech, and Kotak Mahindra Bank were among major gainers on the Nifty. On the other hand, major losers were L&T, Titan Company, ONGC, Adani Ports and Tata Motors. The Nifty Mid-cap-100 index closed nearly 0.5 pc lower. Nifty and Bank Nifty index witnessed the addition of short positions during the day.

European stocks clocked higher on Thursday after strong earnings reports from companies including oil major Royal Dutch Shell and chip equipment supplier ASM, but sentiment remained weak a day after a broad selloff on lockdown concerns.

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