Markets end in green amid choppiness on F&O expiry day

27 December 2007

The markets closed in green amid choppiness on the triple withching day also known as F&O expiry day. FMCG, metal, oil and power stocks are trading higher while auto and pharma stocks are under selling pressure. Midcap and small cap stocks have continued their upside momentum giving market positive breadth.

Top gainers on the bourses were ITC, Reliance Energy, Hindalco, Nalco and Suzlon Energy

Telecom auto and pharma stocks are trading weak. Major laggards were Bajaj Auto, Bharti Airtel, Reliance Comm, PNB and Sun Pharma. PNB, BPCL, Cairn India, GAIL, DLF are among the other losers.

For the December series Nifty was up 8%, BSE smallcap up 21%, Nifty rollover was at 75% and market wide turnover at 80%.

Sensex closed up 24.20 points or 0.12% at 20216.72, and the Nifty up 10.75 points or 0.18% at 6081.50.

About 2171 shares have advanced, 875 shares declined, and 56 shares are unchanged.