Sensex, Nifty End Flat For Second Day; PSU Banks Outperform

Indian equity markets closed the weekly options expiry session at levels nearly similar to Wednesday. Benchmark indices traded in a narrow range throughout the session to end with modest gains.

The S&P BSE Sensex ended six points higher at 44,624 while the NSE Nifty 50 index ended 18 points higher at 13,136. The Sensex traded in a 400 point range while the Nifty's trading range was 90 points.

Among sectoral indices, the PSU Bank index was the top performer in today's session, ending with gains of 4.8%. This was the biggest single-day gain for the index in three months. It has also ended at the highest level since March this year.

The Nifty Metal index was the other major gainer in today's session, ending 2.5% higher, at the highest level since April 2019. The index gained for the fifth straight day.

The Nifty Media index gained 2.8% while the Nifty Auto index ended with gains of 1.7%. The Pharma index too closed 1% higher.

Among the laggards for today's session, the Nifty I.T. index fell 0.5% while the Nifty Bank index posted modest losses.

Broader markets outperformed in today's session with both Nifty Midcap and Nifty Smallcap index ending with gains of 0.6% each. The midcap index closed at the highest level since April 2018 while the Smallcap index closed at the highest since April 2019.

India Volatility Index fell 4.5% to end at 19.

Broader markets outperformed in today's session with both Nifty Midcap and Nifty Smallcap index ending with gains of 0.6% each.

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• Benchmark indices continue to trade in a range
• Nifty up 0.2% at 13,142
• Sensex up 0.1% at 44,676
• Nifty Bank up 0.2% at 29,533
• Nifty Midcap index up 0.6%
• Nifty Smallcap index up 0.7%
• India Volatility Index down 2.7% to 19.4
• Nifty PSU Bank index remains the top sectoral gainer; up 5%
• Nifty Media and Nifty Metal index up over 2% each
• Nifty Auto index up 1.6% while Nifty Realty index up 1.2%
• Nifty I.T. index is the only sectoral laggard; down 0.3%
• Maruti Suzuki remains the top Nifty gainer; up 6.3%
• SBI Life Insurance remains the top Nifty laggard; down 1.8%
• 1,355 stocks on the NSE are trading with gains while 500 decline

• Maruti's 8,000 Call: Premium up 245.3% to Rs 159. The contract has added 74,000 shares in OPen Interest.
• State Bank of India's 260 Call: Premium up 57% to Rs 11.3. The contract has added 3,000 shares in Open Interest.
• HDFC Bank's 1,400 Put: Premium up 46.3% to Rs 50.85. The contract has added 1.35 lakh shares in Open Interest.

• Benchmark indices remain rangebound
• Nifty up 0.3% at 13,157
• Sensex up 0.3% at 44,744
• Nifty Bank up 0.7% at 29,681
• Nifty Midcap index up 0.6%
• Nifty Smallcap index up 0.6%
• India Volatility Index down 2.8% to 19.34
• Nifty PSU Bank index extends gains as the top sectoral gainer; up 4.9%
• Nifty Media index is the other major gainer; up 2.2%
• Nifty Metal index is up 1.6% while Nifty Realty index gains 1.5%
• Maruti Suzuki, NTPC, SBI are the top Nifty gainers; up over 4% each
• SBI Life Insurance remains the top Nifty laggard; down 1.8%
• 1,325 stocks on the NSE trade with gains while 493 are declining

• Top gainer on the Nifty Smallcap index
• Gains as much as 14.6% to Rs 153.4
• Biggest single-day gain in nearly four months
• Trading at the highest level in nearly ten months
• Up for the third straight day
• Stock in overbought territory with Relative Strength Index (RSI) at 75
• All four analysts tracking the stock have a buy recommendation

• Benchmark indices hold on to modest gains on weekly options expiry session
• Nifty up 0.3% at 13,156
• Sensex up 0.3% at 44,758
• Nifty Bank up 0.8% at 29,704
• Nifty Midcap index up 0.8%
• Nifty Smallcap index up 0.7%
• India Volatility Index down 4.6% to 19
• Nifty PSU Bank index is the top sectoral gainer; up 4%
• Nifty Media index is the other major gainer; up 2%
• Nifty Metal index up 1.4% while Nifty Auto index gains 1%
• Nifty FMCG and Nifty I.T. trade with a negative bias
• Maruti Suzuki is the top gainer on the Nifty; up 3.8%
• SBI Life Insurance is the top laggard on the Nifty; down 1.8%
• 1,308 stocks on the NSE trade with gains while 432 decline

Indian equity markets have begun the weekly options expiry session with gains amidst subdued global cues.

The S&P BSE Sensex opened 0.6% higher at 44,902 while the NSE Nifty 50 index opened above the mark of 13,200 - up 0.8% at 13,215.

All sectoral indices have opened with gains. The Nifty Bank, PSU Bank index and the Nifty Media index are up 0.9% each while the Nifty Auto, Nifty FMCG and Nifty Realty index are trading with gains of 0.6% each. The Metal index has opened with gains of 0.8%.

Broader markets too have opened with gains. The Nifty Midcap index has opened with gains of 0.7%, as has the Smallcap index which opened higher by a similar quantum.

1,093 stocks on the NSE have opened with gains while 791 are declining.

Good Morning!

Today is the weekly options expiry session of the Nifty and Nifty Bank's options contracts. Benchmark indices recovered from the day's low on Wednesday to end little changed. What did well was the midcap index, which ended at its highest level since April 2018.

Futures are indicating a subdued start to today's session as well. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, gained 0.16% to 13,175, as of 8:10 a.m.

Ahead of the weekly options expiry today, there are no stocks that are currently in the F&O Ban. In terms of positions for today's expiry, the highest open interest on the Call side remains at the 13,500 strike with over 40 lakh shares while that on the Put side remains at the 13,000 strike with 41 lakh shares.

Asian markets are muted this morning with markets in China and Japan trading little changed. Futures on the Dow Jones are currently trading 20 points lower. The index gained 0.2% on Wednesday.

West Texas Intermediate crude fell 0.4% to $45.1 per barrel while Gold fell 0.2% to $1,827.4/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.