Wednesday 29 January 2014

Choppy session ends flat ahead of F&O expiry

It was yet another volatile trading session. After opening with a gap up, the market was unable to hold on to its early gains. In fact, the indices gave up all the gains amid selling pressure witnessed in metals, banking and the realty stocks. Even the small-cap stocks were under pressure. Traders and investors preferred to remain on the sidelines ahead of the F&O expiry. The Fed’s policy announcement later today will also drive sentiment globally. 

On the other hand, capital goods, IT, pharma and select telecom stocks were among the major gainers. 

Finally, BSE Sensex closed at 20,647 down 36 points, while NSE Nifty closed at 6,120 down 6 points over the previous close. 

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