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SURE SHOT CALLS

Thursday 31 August 2017

Stock Market range-bound today, ahead of the F&O expiry

Stocks edged lower on Thursday’s trade as caution set in ahead of the Future & Option (F&O) expiry contracts later in the day. Domestic traders are waiting for cues from the roll-over of monthly derivatives contracts, markets much range-bound. 

The NSE index was on track to post a 2.1 percent drop this month, while the BSE index was set for a 2.9 percent monthly decline. Almost all sectors were in the red, barring energy stocks. Infosys Ltd and TCS were among the top losers, falling 1 and 0.6%, respectively. NTPC shares dropped near 2.5%.Wipro, Reliance, Bajaj Auto, Asian Paint and Maruti were top gainers. 

Markets closed with the benchmarks Sensex ending at 31,730, up 84 points, while Nifty50 settled at 9,917, up 33 points. Both the indices lost over 2% for the month.  


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