Markets End in Red Ahead of F&O Expiry

Markets remained subdued through out the day as volatility ruled the roost ahead of futures and options expiry this week, weak Asian peers also weighed on the sentiment. Most of the indices closed the day on a negative note. The main draggers of the day are the Metal, Banking and PSU Indices. The indices that closed the day in green are the Consumer Durables, Auto and FMCG indices. The Sensex closed the day in red declining 81.73 points or 0.40 percentage points to close at 20,221.39. Nifty ends the day at 6082 declining 23.80 points or 0.39 percentage points. Market breadth was negative with 1,407 advances against 1,554 declines on BSE. On the global front, Britain’s economy grew at double the pace forecast by economists in the third quarter as services and construction helped sustain the recovery, easing pressure on the Bank of England to buy more government bonds next week. Gross domestic product rose 0.8 percent in the three months through September after increasing 1.2 percent in the previous quarter, the Office for National Statistics said in London today. Economists forecast a 0.4 percent gain, according to the median of 35 predictions in a Bloomberg News survey.