Finally, BSE Sensex closed flat at 20,420, while NSE Nifty closed almost unchanged at 6057.
A highly choppy trading session ended on a flat note on Wednesday ahead of the F&O expiry. After opening with a positive bias, the benchmark indices were stuck in a narrow trading band and were unable to find any specific direction throughout the day.
The consumer durables, auto, FMCG, metals and the oil and gas stocks were among the top gainers. On the other hand, the power, realty and telecom stocks were under pressure. The mid-cap index ended with marginal gains while the small-cap index ended marginally lower.
Amar Ambani Head of Research at IIFL said, “The F&O expiry and global cues are what will dictate the proceedings going forward. We expect volatility to spike on account of November month expiry. The political clash is underway and investors will also pay close attention to check how the sentiment is.”
A highly choppy trading session ended on a flat note on Wednesday ahead of the F&O expiry. After opening with a positive bias, the benchmark indices were stuck in a narrow trading band and were unable to find any specific direction throughout the day.
The consumer durables, auto, FMCG, metals and the oil and gas stocks were among the top gainers. On the other hand, the power, realty and telecom stocks were under pressure. The mid-cap index ended with marginal gains while the small-cap index ended marginally lower.
Amar Ambani Head of Research at IIFL said, “The F&O expiry and global cues are what will dictate the proceedings going forward. We expect volatility to spike on account of November month expiry. The political clash is underway and investors will also pay close attention to check how the sentiment is.”
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