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By Malvika Gurung
Investing.com — The domestic indices ended a lacklustre session flat, snapping a two-day market rally on Wednesday amid mixed global cues, ahead of the derivatives expiry of December contracts scheduled on Thursday, which is expected to induce volatility over the upcoming sessions of the week.
Benchmark indices and closed flat with a negative bias on Wednesday, with gains led by consumer durables, oil & gas, auto and banking sectors, while healthcare and pharmaceutical stocks exerted pressure on the market.
Heavyweights including Titan (NS:), Maruti Suzuki (NS:), M&M (NS:), Adani Enterprises (NS:), Power Grid Corporation (NS:), UPL (NS:) and Coal India (NS:) supported the market, while Bharti Airtel (NS:), Apollo Hospitals (NS:), Bajaj Finserv (NS:), Tata Motors (NS:), Cipla (NS:) and Hindalco (NS:) pulled the Nifty index lower.
The market volatility barometer advanced 0.68% to 15.4.
Investors on Dalal Street added Rs 66,753 crore to their wealth on Wednesday.
Sectoral indices under the Nifty umbrella ended mixed on Wednesday, led by and Nifty Oil & Gas. ended flat after jumping to 2% in the session, while slipped 0.07%.
“Broad market indices ended in the positive but the advance decline ratio fell to 1.34:1 from the high levels over the past two days. Volumes on the NSE continued to be on the lower side,” stated Deepak Jasani of HDFC Securities.
Read Also: Nifty Critical Levels & Outlook, Major Trends on Street, Key Sectors in View
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