Brokers said the markets ended with marginal gains, amid high volatility on the settlement day. Buying was seen in metal, oil, and few technology stocks. However, pharma, FMCG, and select realty and capital goods lagged in today's session. The Sensex swung 403.42 points in today's session, while hitting an intraday high of 9,297.76 and low of 8,894.34. The Nifty index remained range-bound between 2781.25 and 2631.90.
Volumes increased due to F &O expiry. Total turnover traded was at Rs 69,004.74 crore. This includes Rs 11,688.50 crore from NSE Cash segment, Rs 54,223.24 crore from NSE F &O and the balance Rs 3,093 crore from BSE Cash segment. Market breadth was in favour of declines. About 1324 shares have advanced while 1637 shares declined. Nearly 229 shares remained unchanged. The Sensex and Nifty were down at around 33 per cent each in the October series. CNX Midcap and BSE Small Cap indices fell 35 pc and 40 pc respectively.
The worst hit sectors were Metals and Realty, which lost 53 pc and 50 pc, respectively. BSE Capital Goods and Oil &Gas indices tumbled 40 pc each. About 70 F &O stocks lost over 50 pc in this series.
Among the frontliners, Suzlon Energy fell 75 pc and Reliance Industries tanked 40 pc. Tata Motors and Tata Steel plunged 60 pc each.
Major Asian markets rose on hopes the Bank of Japan and the Federal Reserve will cut interest rates this week to spur growth, and as a result credit markets continued to show signs of recovery.
Key benchmark indices in Japan and Taiwan were up by between 0.15 pc to 7.74 pc. Key European markets also rose on Fed rate cut expectations. Key benchmark indices in France and UK were up by between 3.93 pc to 6.24 pc, brokers added.
Trading on BSE and NSE will officially closed on Thursday, Oct 30 for 'Bhau Beej'.
A mixed trend was seen in the BSE indices as METAL index shot up sharply by 298.19 points to settle firm at 4870.87 points, OIL&GAS index advanced by 153.81 to 5678.33 points, AUTO index was up by 40.55 to 2524.40 points and PSU index gained by 38.05 to 4443.35 points.
But a few indices drifted lower as CG index declined steeply by 100.31 points to close low at 6683.71 points followed by HC index by 89.79 to 2691.72 points, REALTY index by 64.79 to 1933.84 points, MID CAP index by 62.98 to 3094.48 points, FMCG index by 41.84 to 1742.07 SML CAP index by 37.00 to 3674.61 points and BANKEX index by 30.34 to 4674.34 points.
Similarly, the BSE top heavyweight stocks also rallied as Hindalco spurted up by 18.24 per cent to settle positive at Rs 53.15, followed by M&M by 8.25 pc to Rs 302.50, Wipro by 7.33 pc to Rs 256.35, ACC by 6.93 pc to Rs 473.70 and Sterlite Ind by 6.57 pc to Rs 246.50.
But a few leading shares suffered a setback as Ranbaxy Lab declined by 9.62 pc to end low at Rs 172.85, followed by DLF Ltd by 6.98 to Rs 202.45, Satyam Comp by 5.44 pc to Rs 283.25, Hind UNILever by 4.74 to Rs 208.20 and HDFC Ltd by 3.03 pc to Rs 1502.05.