The benchmark indices closed on a lower note after a volatile session. The Sensex ended at 84,601.09, slipping 0.37%, while the Nifty also closed at 25,884.80, down 0.29%.
The Nifty Bank settled 0.03% lower.
“The domestic market witnessed sharp volatility on monthly expiry day, driven by a weakening INR and continued FII outflows. Caution prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal, despite some improving signals,” said Vinod Nair, Head of Research, Geojit Investments.
“Selling pressure is visible near the 26,000 level, though downside appears limited given strong domestic fundamentals, including a solid earnings outlook for H2. PSU banks and real estate stocks outperformed, supported by a strong revival in home loan demand and rising market share for PSU banks,” he added.
Here’s a quick look at how the day unfolded across sectors and key stocks:
Top gainers
A few index names managed to stay in the green. Within the Sensex pack, Bharat Electronics, SBI, Tata Steel, Eternal, and a handful of other stocks saw buying interest through the day.
Key losers
Stocks like Tata Motors Passenger Vehicles, Trent, Infosys, Power Grid, and HDFC Bank dragged the indices lower as they slipped through the afternoon session.
Midday movers
A few stocks saw sharp intraday swings driven by company updates and order flows –
Reliance Industries traded about 1% higher in midday deals, extending a rally that has already lifted the stock 27% so far this year.
Yatra Online tumbled over 7% after announcing Siddhartha Gupta as the new CEO, following Dhruv Shringi’s exit.
Apollo Micro Systems gained around 2.5%, reacting to fresh orders worth Rs 27.36 crore.