Wednesday, 30 December 2015

OPTIONS TO RIDE OUT CHOPPY ; EXPIRY DAY

Nifty tad below 7900 ahead of F&O expiry, Sensex falls 119 ptsWeakness in global markets also caused selling pressure in Indian equities. European equities slipped into negative territory as investors fretted over renewed weakness in global commodity markets. Asian markets closed mixed. The Nifty shut shop below psychological 7900-mark ahead of expiry of December derivative contracts. Shares of Infosys, TCS, Reliance Industries, State Bank of India, Maruti Suzuki, Wipro and Hero Motocorp were down 1-1.6 percent while ITC, Tata Motors, Tata Steel, NTPC and BHEL gained 0.5-1 percent.

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