Markets end higher on last day of March Futures & Options Expiry - LuvKush Finserve

Markets ended higher on Thursday as investors rushed into value-buying in metal and banking sectors on the final day of March Futures & Options expiry. The Sensex ended at 18,835.77 up 131.24 points and the Nifty ended at 5,682.55 up by 40.95 points. The Sensex and the Nifty reached an intra-day high of 18,874 levels and 5,692 mark, respectively.

On the sectoral front, BSE Metal, Capital Goods, Consumer Durable, Bankex and PSU indices gained by 2-3%. However, BSE Auto index was down nearly 1%. The main gainers on the Sensex were Hindalco, GAIL, ONGC, Sterlite, Coal India, DRL, Infosys, Tata Power and L&T, all surging between 1-4%. Shares of automobile stocks were under pressure with many frontline stocks trading lower by up to 3% on the Bombay Stock Exchange (BSE).

Hero MotoCorp, Tata Motors, Mahindra and Mahindra, Bajaj Auto and Maruti Suzuki India was down by 1-3%. Aurobindo Pharma surged nearly 12% after the pharmaceutical company said that the US Food and Drug Administration's (USFDA) has lifted the import alert for non-sterile products manufactured in its UNIT-VI cephalosporin facility based in Hyderabad. The broader markets outperformed the benchmark with BSE Midcap and Smallcap indices up 1-2%.

Source : Equity Bulls

Keywords