Nifty below 9750 on volatility ahead of F&O expiry; Bank index dips

Epic Update ICICI BankEpic Update ICICI Bank

Equity benchmarks continued to be volatile in afternoon ahead of expiry of September derivative contracts today.

The 50-share NSE Nifty fell below 9,750 level, down 20.70 points at 9,715.05 while the 30-share BSE Sensex was down 24.44 points at 31,135.37.

The broader markets continued to outperform benchmarks, though erased some gains from day’s high. The BSE Midcap and Smallcap indices gained 0.4 percent each.

About 1,298 shares advanced against 963 declining shares on the BSE.

Total market turnover is expected to be at all-time high today as it already crossed more than Rs 8 lakh crore.

Nifty Bank index fell half a percent as ICICI Bank, IndusInd Bank, Yes Bank, PNB and Kotak Mahindra Bank were down 1-2 percent.

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Epic Research
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