Sensex hovers around 33K; Nifty flat ahead of F&O expiry; HPCL up 4%

Epic Research Update : HPCLEpic Research Update : HPCL

Equity benchmarks continued to trade mildly lower amid volatility ahead of expiry of October derivative contracts later today.

The 30-share BSE Sensex was down 51.75 points at 32,990.75 and the 50-share NSE Nifty fell 9 points to 10286.40.

The market breadth was balanced as about 911 shares declined against 891 advancing shares on the BSE.

Public sector banks rallied further as the Nifty PSU Bank index gained nearly 3 percent on top of 30 percent rally seen in previous session after Rs 2.11 lakh crore recapitalisation plan that will be spread over two fiscal years.

Oil marketing companies were on buyers’ radar today as IOC, HPCL and BPCL rallied 2.5-4 percent.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300