Sensex snaps 2-day winning run, Nifty ends June F&O series at 11,842
Reliance Industries and tech stocks were among the top drag on Sensex.
NEW DELHI: Benchmark indices Sensex and Nifty snapped two-day winning streak to end Thursday's session on a lackluster note as investors squared off positions on the expiry of June futures and options contracts.
Media reports suggested that the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations' leaders. This cheered investors globally, however, the euphoria failed to sustain back home.
BSE Sensex settled at 39,586, down 6 points or 0.01 per cent while NSE Nifty shut shop 6 points or 0.05 per cent lower at 11,842.
The market breadth leaned in favour of the buyers.
Reliance Industries and tech stocks were among the top drag on Sensex.
Market at a glance
Among Sensex stocks, 17 ended in the green and 13 in the red. Tata Motors, Mahindra & Mahindra, ONGC, Axis Bank and HDFC were the best index performers, rising between 2.95 per cent and 1.22 per cent.
However, Tech Mahindra, HCL Tech, RIL, ITC and Infosys were among the worst laggards.
The midcap and smallcap indices outperformed benchmark Sensex. BSE Midcap jumped 0.36 per cent and BSE Smallcap 0.53 per cent.
Sectorally, Realty and Auto gained the most, rising over 1 per cent each. Energy, IT and Teck shed the most.
Globally, hopes that the world's two biggest economies would finally reach an agreement were enough to cheer investors, sending MSCI's broadest index of world shares up over 0.2 per cent after four days of back-to-back losses. Germany's trade-sensitive DAX led Europe's early gains with a 0.7 per cent jump with the other main bourses and Wall Street futures all up between 0.2 per cent-0.6 per cent.
Oil slid to around $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued OPEC curbs.
Expert Take
"A healthy environment was developed ahead of the G20 meet. Today we have a pause in the momentum awaiting its final outcome this weekend. This hope and positive trend will continue in the short-term supported by domestic tailwinds like budget stimulus & Q1FY20 results"
Vinod Nair, Head of Research, Geojit Financial Services
Media reports suggested that the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations' leaders. This cheered investors globally, however, the euphoria failed to sustain back home.
BSE Sensex settled at 39,586, down 6 points or 0.01 per cent while NSE Nifty shut shop 6 points or 0.05 per cent lower at 11,842.
The market breadth leaned in favour of the buyers.
Reliance Industries and tech stocks were among the top drag on Sensex.
Market at a glance
Among Sensex stocks, 17 ended in the green and 13 in the red. Tata Motors, Mahindra & Mahindra, ONGC, Axis Bank and HDFC were the best index performers, rising between 2.95 per cent and 1.22 per cent.
However, Tech Mahindra, HCL Tech, RIL, ITC and Infosys were among the worst laggards.
The midcap and smallcap indices outperformed benchmark Sensex. BSE Midcap jumped 0.36 per cent and BSE Smallcap 0.53 per cent.
Sectorally, Realty and Auto gained the most, rising over 1 per cent each. Energy, IT and Teck shed the most.
Globally, hopes that the world's two biggest economies would finally reach an agreement were enough to cheer investors, sending MSCI's broadest index of world shares up over 0.2 per cent after four days of back-to-back losses. Germany's trade-sensitive DAX led Europe's early gains with a 0.7 per cent jump with the other main bourses and Wall Street futures all up between 0.2 per cent-0.6 per cent.
Oil slid to around $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued OPEC curbs.
Expert Take
"A healthy environment was developed ahead of the G20 meet. Today we have a pause in the momentum awaiting its final outcome this weekend. This hope and positive trend will continue in the short-term supported by domestic tailwinds like budget stimulus & Q1FY20 results"
Vinod Nair, Head of Research, Geojit Financial Services