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Watch | Markets@Moneycontrol: Bulls regain control on F&O expiry day

Sep 28, 2017 04:59 PM IST | Source: Moneycontrol.com

A quick check on on what moved the markets today.

Moneycontrol News

Equity benchmarks snapped seven-day losing streak on Thursday, the expiry day for September futures and options contracts, driven by banking & financials and ITC. The NSE F&O segment clocked the highest ever turnover of Rs 15 lakh crore.

The 50-share NSE Nifty closed up 33.20 points at 9,768.95, but before this late recovery the index had breached psychological support level of 9,700.

The 30-share BSE Sensex was up 122.67 points at 31,282.48.

The broader markets continued to outperform benchmarks as the BSE Midcap and Smallcap indices gained 0.8-0.9 percent. About two shares advanced against 976 declining shares on the BSE.

Nifty Bank recovered more than 400 points from its day’s low, to end with 195 points gains driven by Kotak Mahindra Bank, HDFC Bank, SBI, IndusInd Bank, Axis Bank. ICICI Bank also cut losses in late trade.

Top headlines:

According to a Morgan Stanley report, India is likely to be the world’s fastest growing economy in next 10 years.

Some festive cheer for home buyers. ICICI Bank has launched new home loan. It will offer 1 percent cash back on every EMI on home loans.

And, Income Tax department is targeting to add 12.5 million tax filers this fiscal.

For more watch the Markets@Moneycontrol show. Moneycontrol Editor Santosh Nair talks to Maryam Farooqui on how the markets fared today.

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