HDFC twins shine on F&O expiry day; Markets tank in last hour of trade

BSE Sensex and NSE Nifty closed almost flat on the day of expiry of July F&O series. Nifty and Sensex both gained almost 5 per cent in this series, its highest gains in a single series since March 2016. 

HDFC was the top Sensex gainer, up by nearly 5.83 per cent. HDFC Bank gained 2.18 per cent and  Asian Paints inched up by 1.32 per cent.
 
Sharp fall in ITC and Reliance Industries in the closing hour dragged the indices. 

Bank Nifty gained 7.6%, Nifty Mid-cap index gained 4.4% and BSE Small-cap index gained 4.6% in the series ended today. BSE mid-cap index touched its all-time high of 15,441 level in morning hours. The index closed at 15255 level, down by 0.55%. BSE Small-cap index closed at 16015 level down by 0.52%.

The advance-decline ratio was negative. There were 346 advances, 1031 declines, while 33 stocks remained unchanged on the NSE, showing bears dominating the bulls on the bourse. Yes Bank gained nearly 5% to touch its fresh 52-week high of Rs 1798 on the NSE. The stock closed at around Rs 1783, up by over 4%. ITC lost around 1.62% in its share price to end at Rs 288.65 per share on BSE.

Dr Reddy'a was the top Sensex loser, slipping 3.29 per cent.