Synopsis : Indian markets stayed in the green on Thursday’s F&O expiry session, with Nifty crossing the 25,100 mark. While financials and realty outperformed, FMCG and IT dragged indices lower.
Mumbai: Indian benchmark indices extended gains on Thursday, supported by buying in financials, realty, and large-cap heavyweights, even as FMCG and IT sectors weighed on sentiment. The session coincided with the weekly F&O expiry for Nifty, adding to market volatility.
As of 11 AM, the BSE Sensex surged 325 points or 0.40%, while the NSE Nifty50 advanced 86 points or 0.34% to 25,136, firmly holding above the key 25,100 level.
Top Performers & Laggards:
Gainers: Bajaj Finserv, Bharat Electronics, Reliance Industries, Larsen & Toubro, and Trent drove the index higher.
Losers: Eicher Motors, Hindustan Unilever, Tech Mahindra, HCL Tech, and Power Grid Corporation remained under pressure.
Broader Markets:
The Nifty MidCap100 rose 0.10% and the Nifty Smallcap100 gained 0.34%, reflecting continued investor appetite for broader market segments.
Sectoral Snapshot:
Positive sectors: Nifty Bank (+0.14%), Financial Services (+0.35%), Realty (+0.7%)
Underperformers: Nifty Media (-0.5%), IT (-0.35%), FMCG (-0.28%)
Meanwhile, Nazara Technologies dropped 12%, dampening the sentiment in the gaming and tech space.
IPO Buzz:
Closing today (Mainboard): Shreeji Shipping Global, Gem Aromatics, Vikram Solar, Patel Retail
Ongoing: Mangal Electrical Industries entered its second day of subscription
SME segment: ARC Insulation & Insulators IPO opened for public subscription, while LGT Business Connextions closed today.
With Nifty sustaining above 25,100, traders are closely watching for fresh triggers from global cues and corporate earnings.
Disclaimer : This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult professional financial experts before making investment decisions.
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