India’s share markets closed nearly flat with Sensex and Nifty settling in slightly lower as a profit-booking emerged in the shares of Reliance Industries, Maruti Suzuki and HDFC Bank. The BSE Sensex fell 25.36 points to end the day at 33,819.50 and NSE Nifty settled 14.75 points lower at 10,382.70.
High Volatility hit in afternoon hours session as traders rolled over positions in the Future and Option (F&O) segment from the near month February 2018 series to March 2018 series. The F&O February 2018 contracts expired today.
The Nifty Next-50 index seen a major drag led by a fall in shares of Siemens, Cummins India, Colgate-Palmolive, Bharat Electronics, Torrent Pharma Tata Power, PNB, Idea, Bank of Baroda, BHEL, LIC Housing Finance, Titan Co, DLF and SAIL.
Nifty PSU Bank index plunged by 16 percent followed by Pharma index down 9 percent, Auto and FMCG index declined as much as 5% each. PowerGrid, Maruti Suzuki, Dr. Reddys, Eicher Motors, ONGC, were the top laggards on NSE, while Sun Pharma, Aurbindo Pharma, Adani Ports, Indusind bank and Mahindra Bank were top gainers on Nifty.
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