Markets end flat on Jan F&O expiry

Markets end flat on Jan F&O expiry
Highlights

The stock markets ended on flat note on Thursday as traders rolled over positions in the derivatives segment from January series to February.  Bears tightening grip on the Dalal Street as the US Fed maintained a status quo keeping a close watch on global markets.

Mumbai: The stock markets ended on flat note on Thursday as traders rolled over positions in the derivatives segment from January series to February. Bears tightening grip on the Dalal Street as the US Fed maintained a status quo keeping a close watch on global markets.

Sensex ended lower by 23 points at 24,470 and Nifty down 13 points at 7,425. Meanwhile, the broader markets maintained with midcap and smallcap unchanged despite profit taking. On the sectoral front, FMCG index rose to 1.4 per cent followed by oil & gas up by 1 per cent, while bank down 1 per cent and capital goods down nearly 2 per cent.

From pharma pack, Sun Phrama continued its gains up 1.6 per cent followed by Dr Reddy's and Lupin by 0.6 per cent and 1 per cent, respectively. FMCG pack also witnessed buying interest with ITC and Hindustan Unilever closed up between 2 per cent and 3 per cent.

On the other hand, bank stocks declined with HDFC slipping 1.6 per cent as it has reported lower income from investments and higher loan provisions. Other finance shares down include HDFC Bank, Axis Bank down between 0.5 per cent and 2 per cent, while SBI up 0.8 per cent.

The gainers: Hindustan Unilever, up 3.02 per cent at Rs 790.90; Mahindra and Mahindra, up 2.06 per cent at Rs 1,201.20; ITC, up 1.95 per cent at Rs 318.60; Reliance Industries, up 1.76 per cent at Rs 1,016.90; and Sun Pharma, up 1.62 per cent at Rs 834.60.

The losers: Larsen and Toubro (L&T), down 2.72 per cent at Rs 1,077.15; Bharti Airtel, down 2.22 per cent at Rs 291.30; Axis Bank, down 2.06 per cent at Rs 406.60; BHEL, down 1.97 per cent at Rs 136.85; and Adani Ports, down 1.86 per cent at Rs 211.40.

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