Nifty ends with modest 23 points gains on F&O expiry day

Market ruled choppy on F&O expiry day amid intense volatility, while managing to end with small gains by accumulating 22.55 points to 7,868.50 at the National Stock Exchange (NSE).
Key index opened sluggish on September derivative expiry day amid weak global cues and traded mostly in tight range as investors preferred to stay sidelines in the absence of any definite cues, though it made some recovery attempt while failing to garner support till afternoon.
Late afternoon saw the market end in green amid bouts of shortcovering and selective buying in fundamentally strong stocks loomed by anticipation of a rate cut from the Apex bank in its key policy review next week in the backdrop of record low inflation data.

IT stocks were in limelight on the back weak rupee rallying by 2.22 percent, it was followed by FMCG 1.17 per cent, Media 1.82 per cent. While Auto, Pharma and realty saw some buying activity and shares from midcap and smallcap managed marginal gains.
However, stocks of Energy, Infra, Metals and Banking segments witnessed selling.
Foreign investors sold shares worth Rs 1,330.12 crore yesterday, as per provisional data.

Elsewhere, Barring China and South Korea most Asian markets ended lower on overnight fall in US markets, while European stocks were trading lower.
The 50-share index opened lower at 7,838.40 and hovered between 7,894.50 and 7,804.10 before closing at 7,868.50, showing a modest gain of 22.55 points or 0.29 per cent.

Stockwise, major gainers were Lupin, HCL Tech, Tata Power, GAIL, Indusind Bank, ITC, Infy, TCS, Maruti and M&M.
Among losers included ONGC, NMDC, Coal India, Tata Steel, Yes Bank, Tata Motors and ICICI Bank.
Turnover in the cash segment jumped to Rs 19,829.96 crore from Rs 15,717.74 crore yesterday.
A total of 9,630.14 lakh shares changed hands in 7,433,262 trades and the total market capitalisation of NSE stood at Rs 94,06,800 crore.