Closing Bell: Sensex, Nifty end marginally lower, Tata Motors gains 2.6 per cent

New Delhi, News Nation Bureau | Updated : 27 June 2019, 04:25 PM
Closing Bell: Sensex, Nifty end marginally lower, Tata Motors gains 2.6 per cent
Closing Bell: Sensex, Nifty end marginally lower, Tata Motors gains 2.6 per cent

Domestic equity benchmarks ended marginally lower on Thursday after a highly volatile session as June derivatives contracts expired.

After swinging over 300 points, the 30-share BSE Sensex settled 5.67 points, or 0.01 per cent, lower at 39,586.41. The index hit an intra-day high of 39,817.22 and a low of 39,510.44.

The broader NSE Nifty slipped 6 points, or 0.05 per cent, to end at 11,841.55. During the day, the index touched a high of 11,911.15 and a low of 11,821.05.

Top losers in the Sensex pack included Tech Mahindra, HCL Tech, RIL, ITC, Infosys, PowerGrid, Kotak Bank, Yes Bank and Vedanta, shedding up to 2.26 per cent.

On the other hand, Tata Motors, M&M, ONGC, Axis Bank, HDFC, SBI, IndusInd Bank, Bharti Airtel, Sun Pharma and HUL rose up to 2.95 per cent.

According to traders, market witnessed heavy volatility as June futures and options (F&O) contracts expired.

The domestic market opened on a positive note and continued to trade with strong gains till noon amid positive cues from global markets ahead of the G-20 summit.

In the previous session, sensex ended 157 points higher on Wednesday, driven by gains in metal, power and financial stocks ahead of June derivatives expiry.

Extending its gains for the second session, the 30-share index settled 157.14 points, or 0.40 per cent, higher at 39,592.08. The index hit an intra-day high of 39,674.22 and a low of 39,319.64.

The broader NSE Nifty too rose 51.10 points, or 0.43 per cent, to finish at 11,847.55. During the day, the index touched a high of 11,871.85 and a low of 11,757.55.

Vedanta was the biggest gainer in the Sensex pack, rising 4.40 per cent. PowerGrid, Sun Pharma, Yes Bank, Tata Steel, HDFC Bank, Bajaj Finance, ICICI Bank and Bajaj Auto too ended up to 4.12 per cent higher.

Brent crude futures, the global oil benchmark, fell 0.93 per cent to USD 65.08 per barrel.

Globally, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note. Equity markets in Europe were also trading in the green in early deals.

(With inputs from PTI)

First Published: Thursday, June 27, 2019 03:48 PM
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