Sensex Sheds 173 Factors Amid F&O Expiry, Nifty Slips Under 11,700

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Mumbai: Fairness benchmark Sensex tumbled 173 factors on Thursday, monitoring losses in index majors HDFC twins, L&T and HUL as volatility endured amid expiry of month derivatives contracts. Lacklustre cues from international markets additionally stored home traders on the sting, merchants mentioned.

The 30-share BSE Sensex ended 172.61 factors or 0.43 per cent decrease at 39,749.85. The broader NSE Nifty fell 58.80 factors or 0.50 per cent to 11,670.80. L&T was the highest laggard within the Sensex pack, dropping round 5 per cent, adopted by Titan, ONGC, Axis Financial institution, HUL, M&M and HDFC.

Then again, Asian Paints, UltraTech Cement, HCL Tech, Kotak Financial institution and Reliance Industries had been among the many gainers. In response to merchants, market volatility was heightened as October futures and choices contracts expired.

The Indian market opened on a subdued be aware following blended international cues as coronavirus instances within the Europe surged and several other nations thought-about re-imposing strict lockdown measures, mentioned Narendra Solanki, Head- Fairness Analysis (Elementary), Anand Rathi Shares & Inventory Brokers. In the course of the afternoon session, the markets continued to commerce weak with selloff in metals, auto, realty and monetary shares, he added.

Bourses in Hong Kong, Seoul and Tokyo ended on a destructive be aware, whereas Shanghai was within the constructive territory. Equities in Europe had been buying and selling larger in early offers.

In the meantime, worldwide oil benchmark Brent crude was buying and selling 3.15 per cent decrease at USD 38.39 per barrel. Within the foreign exchange market, the rupee continued its downward journey, sliding one other 23 paise to shut at 74.10 in opposition to the US greenback.