"EXPIRY DAY :: POST MARKET REVIEW"

Bears took a breather as domestic indices climbed for the first time in three days. It was a quiet session for Indian markets on the day of F&O expiry with bouts of volatility in the late trades. The domestic markets witnessed volatility as the indices, which got lifted at the start due to supportive global cues, fell owing to a sudden sell-off in sectors like realty, auto and information technology and also in certain frontline stocks and then recovered to close flat.
Sensex gained 46 points to close at 18226 while Nifty finished at 5478, up 15 points. BSE Mid-cap index lost 0.1% while the small-cap index gained 0.1%. Sensex as well as Nifty have gained 1.3% during the August derivative series. Food inflation for the week ended August 14 came in at 10.05%, the previous week’s figure being 10.35%. Fuel price index rose 12.57%, remaining unchanged at previous week’s level while Primary Article inflation stood at 14.75% as against 14.85%.
BSE FMCG and Power indices were the top gainers among the sectoral indices, putting on 1.2% and 0.9% respectively while Oil & Gas and Realty indices lost 0.6% and 0.5% respectively. NTPC and ITC gained 2.6% and 2.2% respectively, becoming the top gainers among the Nifty stocks while Suzlon and Idea lost the most, down 2.8% and 2.1% respectively. BSE advance-decline ratio stood at 1:1.2.
Bond Market: India’s 10-year bonds were little changed before tomorrow’s sale of Rs120 billion ($2.6 billion) of notes.
Market Outlook: US Data to be announced tonight - weekly jobless claim. Will update tomorrow morning.
Market Sentiment: Despite of domestic indices closing in the green, the market breadth was negative as declining stocks outnumbered the advancing ones. Of the 3,034 scrips traded on BSE, 1,588 scrips fell while 1,328 scrips rose. Hundred and eighteen shares remained unchanged.
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