May F&O expiry starts on a negative note

DSIJ Intelligence / 28 Apr 2017

May F&O expiry starts on a negative note

Indian capital markets started the F&O expiry for the month of May on a negative note. Nifty was able to sustain above 9300 level.

Indian capital markets started the F&O expiry for the month of May on a negative note. Nifty was able to sustain above 9300 level.

At the closing bell, Nifty ended at 9304 with loss of 38 points and BSE Sensex closed at 29918, a decrease of 111 points. On the NSE, 28 shares closed in the green, while 23 shares ended the day in the red.

All indices closed in the red except Auto, Bankex, Healthcare and Metals. Auto surged 147 points and Metals also rose 166 points. FMCG dropped 115 points. Consumer Durables and IT reduced more than 50 points each. Mid-cap index increased 26 points and Small-cap also rose 93 points.

Asian markets traded mixed on Friday. Shanghai increased 0.08 per cent, Hang Seng reduced 0.34 per cent. Nikkei decreased 0.29 per cent. European markets were also trading on mixed sentiments.

Derivative Analysis
Nifty Future closed in the negative at 9332. Going ahead, 9368/9274 will be the immediate support levels.

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