Mumbai, Feb 26: The benchmark indices ended higher as markets witnessed some buying interest. The 30-share BSE Sensex tumbled nearly 210 points between an intraday high of 8,998.31 and low of 8,788.32, before closing the day at 8,954.86, up 0.595 or 52.30 points. The 50-share NSE Nifty was up 0.84 pc or 23.15 points, to settle at 2,785.65, after swinging roughly 66 points between a day's high/low of 2797.80 and 2731.90, respectively.
Auto, metal, telecom and upstream oil companies supported the markets. But sell-off in ICICI Bank, SBI, Ranbaxy, HDFC, Tata Power, Wipro and Hindalco capped the upside in the benchmark indices.
Markets trading lower despite inflation
Despite inflation, the markets continue to trade lower. The Sensex was trading at 8,829, down 72 points and the Nifty was at 2,741, down 21 points, at 11.59 hours IST. Among broader indices, BSE Midcap slipped 0.3 pc and Small Cap index was down 0.6 pc.
Nifty February Futures will close on Thursday, Feb 26 and is flat in trade. Nifty March Futures is trading with 22-24 points discount. Dealers said the F&O expiry pressure is expected in the second half. They expect expiry at around 2750-2800 levels.
Indian markets open marginally lower
The Bombay Stock Exchange's benchmark index Sensex and National Stock Exchange's Nifty opened marginally lower on Thursday, Feb 26 marginally lower in the early trade amid some volatility ahead of F&O expiry.
At 9:56 am, the Sensex was trading at 8,843, down 59 points and the Nifty was at 2,748, down 14 points. CNX Midcap was flat.
Major stocks which gained in the opening trade are L&T, Cairn, Tata Motors and Siemens while HDFC, DLF, Ranbaxy Labs, Tata Steel, Maruti, M&M, Ambuja Cements, Infosys and Reliance Industries witnessed a downturn.