Nifty Ends Shy Of 9,350 On Options Expiry; Axis Bank Drops

Indian shares fell on the final day of April derivative expiry, as investors took a breather following record highs the previous day.

The S&P BSE Sensex shed 0.34 percent to end at 30,029, while the NSE Nifty declined 0.10 percent at 9,342. Trading was volatile as investors rolled over positions to the next month.

Among the sectoral indices, S&P BSE Metal index fell 1 percent while the S&P BSE Realty index gained 0.7 percent.

The market breadth was skewed in the favour of losers, with about 5 stocks declining to every 4 stocks that advanced.

Overseas Inflows Key

"Local investors are pumping-in money while foreign investors continue to sell. Unless foreign institutional investors resume buying across emerging markets, especially India, any substantial rise will be difficult to come by," said Deepak Jasani, head - retail research at HDFC Securities.

Global funds sold Rs 493 crore of local stocks while domestic funds bought Rs 1,010 crore on Wednesday, as per exchange data.

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• ITC Ltd. has 19.8 lakh shares change hands in a single block
• Oberoi Realty has 23 lakh shares change hands in two block deals

*Buyers and sellers were not immediately known

• Q4 net income Rs 127 crore vs estimate Rs 109 crore
• Q4 revenue Rs 3,140 crore vs estimate Rs 2,930 crore
• Shares down 2% to Rs 491

• Sasken Technologies rose as much as 17.7% to the highest level since July 2007
• Trading volumes stood at 41 times its 20-day average
• The application software maker has a market cap of just under Rs 800 crore