Sensex, Nifty Close Flat Ahead of F&O Expiry 

Mumbai: Indian equity markets, after a volatile trade session, closed on a flat note with a positive bias. Mixed global cues and lower crude oil prices dampened the market sentiment on Wednesday. The wider Nifty edged up 17.70 points, or 0.21 per cent to 8,650.30 points.
Heavy selling pressure was witnessed in capital goods, banking and metal stocks, while buying was recorded in health care and oil and gas stocks.

Anand James, Chief Market Strategist at Geojit BNP Paribas Financial Service

Largely the markets are flat ahead of the F&O expiry on Thursday. The investors are also keeping an eye out on the amendments in the India-Singapore tax agreement.

The barometer 30-scrip Sensex closed at 28,059.94 points, up 69.73 points or 0.25 per cent, from the previous close at 27,990.21 points.

Opened at 28,065.25 points, Sensex touched a high of 28,108.39 points and a low of 27,959.87 points during the intra-day trade. The BSE market breadth was tilted in favour of the bulls with 1,531 advances and 1,174 declines.

The barometer 30-scrip Sensex closed at 28,059.94 points, up 69.73 points or 0.25 per cent, from the previous close at 27,990.21 points. The wider Nifty edged up 17.70 points, or 0.21 per cent to 8,650.30 points.

Anand James, Chief Market Strategist at Geojit BNP Paribas Financial Service, said: “Largely the markets are flat ahead of the F&O expiry on Thursday. The investors are also keeping an eye out on the amendments in the India-Singapore tax agreement.”

The key indices opened on a flat note on the back of negative Asian and European markets and slightly positive US markets. Investors were also watching the negotiations for amendments in a tax treaty between India and Singapore.
On Monday, both the key Indian indices had closed flat marginally in the green, prompted by mixed global cues and lower crude oil prices.
The barometer index had risen by 4.67 points, or 0.02 per cent, while the NSE Nifty inched up 3.45 points, or 0.04 per cent.

Source: IANS