The S&P BSE Mid-Cap index advanced 0.05% while the S&P BSE Small-Cap index gained 0.23%
India’s benchmark indices recovered after briefly slipping into the negative terrain in early afternoon trade. The barometer index, the S&P BSE Sensex, added 94.14 points or 0.19% at 49,827.98. The Nifty 50 index added 39.55 points or 0.27% at 14,904.10.
In the broader market, the S&P BSE Mid-Cap index advanced 0.05% while the S&P BSE Small-Cap index gained 0.23%.
The market breadth was negative. On the BSE, 1,249 shares gained and 1,501 shares declined. A total of 185 shares were unchanged.
Trading was volatile as traders roll over positions in F&O segment from the near month April series to May series. The April 2021 F&O contracts will expire today.
The NSE’s India VIX, a gauge of market’s expectation of volatility over the near term, advanced 1.90% to 23.01. The Nifty 29 April 2021 futures were trading at 14,895.10, at a discount of 9 points as compared with the spot at 14,904.10.
The Nifty option chain for 29 April 2021 expiry showed maximum Call OI of 95.6 lakh contracts at the 15,000 strike price. Maximum Put OI of 69.8 lakh contracts was seen at 14,500 strike price.
The Nifty Auto index shed 0.41% to 9,831.10. The index added 2.86% in the past three sessions.
TVS Motor Company (down 1.87%), Hero MotoCorp (down 1.34%), Mahindra & Mahindra (M&M) (down 1.21%), Eicher Motors (down 1.15%) and Bosch (down 0.94%) were the top losers in Auto segment.
Axis Bank gained 1% after the banking major on Thursday announced that the board has approved the re-appointment of Amitabh Chaudhry as MD & CEO of the bank for a further period of three years.
Steel Strips Wheels added 1.90% after the company said it received new orders worth more than Rs 25 crore from US and Europe. The company said that it had received export orders of more than 1,70,000 wheels for US & EU caravan trailer market, US mobile home and US truck trailer market.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.