Moderate rebound on Feb F&O expiry day
Sensex, Nifty close higher in volatile trade; RIL gains after mega-merger deal; Investors in wait & watch mode ahead of heavy economic data week
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Mumbai:Benchmark stock indices Sensex and Nifty closed with gains on Thursday in a highly volatile trade amid the scheduled monthly expiry of derivatives contracts. The 30-share BSE Sensex rebounded 195.42 points or 0.27 per cent to settle at 72,500.30. During the day, the benchmark oscillated between a high of 72,730.00 and a low of 72,099.32. The broader Nifty of NSE gained 31.65 points or 0.14 per cent to close at 21,982.80.
“Domestic benchmark traded near a flat-line trend throughout the session, but some buoyancy emerged by the end of the day. Investors adopted a cautious wait & watch approach on the verge of a heavy economic data week,” said Vinod Nair, head (research) at Geojit Financial Services. Among Sensex shares, IndusInd Bank, Mahindra & Mahindra, HCL Tech, Power Grid, Maruti, State Bank of India, Titan, Asian Paints, Nestle and UltraTech Cement were the major gainers. Reliance Industries climbed nearly two per cent intra-day before closing more than half-a per cent higher after the company and Walt Disney announced the signing of binding pacts to merge their media operations in India to create a Rs70,000 crore behemoth.
