Sensex, Nifty End Lower On F&O Expiry; Reliance, Bajaj Auto Among Top Drags
NDTV
Sensex, Nifty Updates: The benchmark S&P BSE Sensex slipped12.17 points to end at 57, 794.32, while the nifty 50 declined 9.65 points lower to 17,203.95.
The Indian equity benchmarks settled lower on Thursday, December 30 amid volatile trading on the F&O expiry day, along with the expiry of derivates and dragged by industry heavyweights such as Reliance, Bajaj Auto.
The benchmark S&P BSE Sensex slipped 12.17 points to end at 57, 794.32, while the Nifty 50 declined 9.65 pts lower to 17,203.95. NTPC, IndusInd Bank, HCL Tech, and Cipla were the top gainers. On the flipside, heavyweights such as Reliance Industries, Bajaj Auto, JSW Steel, and Tata Steel were the top laggards on the NSE.
Gains in IT and pharma shares kept the market afloat for most part of today's session. Shares of pharma majors such as Cipla and Dr Reddy's Laboratories gained for the second straight day after India approved Merck's COVID-19 pill and two more vaccines for emergency use. Markets also witnessed cautious trading as the country reported its highest daily jump with 13,154 fresh COVID-19 cases today in a month.
The Nifty IT index gained one per cent and the pharma index added 0.44 per cent. The IT index has gained for a fifth straight week and is up over 60 per cent, so far this year.
