Nifty Trades Volatile on Weekly Expiry; PNB Jumps Over 6%
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Sectoral performance remained mixed, with the Nifty PSU Bank index emerging as the standout performer. The index surged over 2.6 per cent, with all its constituents trading in the green. Notably, Punjab National Bank (PNB) shares jumped more than 6 per cent.
✨ Key Takeaways
Indian equity markets were trading in the red, with the Nifty 50 and Sensex both declining 0.15 per cent. During Intraday trade, the Nifty 50 slipped to a low of 22,970.50.
Sectoral performance remained mixed, with the Nifty PSU Bank index emerging as the standout performer. The index surged over 2.6 per cent, with all its constituents trading in the green. Notably, Punjab National Bank (PNB) shares jumped more than 6 per cent.
The broader markets also traded lower, with the Nifty Midcap 100 and Nifty Smallcap 100 indices declining 0.27 per cent and 0.50 per cent, respectively.
Market volatility is likely to remain elevated as the session progresses, owing to the Nifty's weekly options expiry on October 19.
Disclaimer: The article is for informational purposes only and not investment advice.