Indices Choppy On November F&O Expiry.

The Indian markets witnessed choppy trade on last hour of November F&O expiry. IT stocks were positive of the day up by 119 points. Following by Health Care and Auto were close on upward moves by 94 points and 65 points respectively. Mid-Caps and Small-Caps also provide some support to the indices. The end of today session Nifty up by 18 points at 8494 and Sensex was 52 points up at 28438.

The advance-decline ratio on NSE was on the positive side as the day ended with 1917 shares in green and 1736 shares in the red zone.

Top Nifty Gainers: BHEL gained 4.83% in today’s trade, followed by PNB, HUL, Hindalco and HCL Tech.

Top Nifty Losers: DLF closed the day lower by 2.56%, followed by Bharti Airtel, Ambuja Cement, Grasim and Tata Steel.

Most of the sectoral indices closed on a positive note. IT witnessed massive up move more than 100 points. Followed by Health Care and Auto also were closed in positive territory up around 94 points and 65 points respectively. While Bankex, Mid-Caps and Small-Caps also were end on positive territory. However Consumer Durables and Capital Goods down by 95 points and 29 points respectively.

All the major Asian markets closed the day on a positive note. The Hang Seng index shown handsome up move by 268 points, followed by Taiwan closed up by 6 points. While Shanghai Composite and KOSPI Index closed in positive note. While Nikkei index was down by 24 points.      

Buzzer: BHEL was up by more than 4.5% on the bourses today and closed near the technical level of Rs 280. If the stock opens above this level, it may touch the Rs 288/295 mark in the next few sessions.

Throughout November month Nifty Future sustain above  8400 mark. Going ahead this level will be the vital support for further trade.