Sensex, Nifty turn volatile after recovery; midcaps extend gains

HUL

Equity benchmarks turned volatile after showing recovery from day’s low but the broader markets extended gains in afternoon trade.

The volatility is expected to continue after easing of North Korea tensions for the time being, and ahead of expiry of September derivative contracts on Thursday, experts said.

The 30-share BSE Sensex was down 9.61 points at 31,617.02 and the 50-share NSE Nifty gained 0.10 points at 9,872.70.

The BSE Midcap index was up 0.6 percent and Smallcap rallied 1 percent as about two shares advanced for every share falling on the exchange. These indices had fallen 4.2 percent and 5.5 percent from the closing levels of September 19, respectively.

HUL, Dr Reddy’s Labs, Asian Paints, M&M, Bharti Airtel, BPCL and Bharti Infratel were down 1-3 percent while ONGC, Axis Bank, Tata Steel, Lupin, ICICI Bank, Vedanta and Indiabulls Housing gained 1.5-4 percent.

Avenue Supermarts, Dewan Housing, Vedanta, BPCL and HDFC Bank were most active shares on the National Stock Exchange.

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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
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