After a day's breather, benchmark indices reverse losses on F&O expiry

 


Equity indices resumed their ascent on Thursday after a day’s breather, buoyed by banking and financial stocks, as the November series derivative contracts expired amid largely positive cues from global markets.

After a volatile session, the 30-share BSE Sensex ended 431.64 points or 0.98 per cent higher at 44,259.74.

Similarly, the broader NSE Nifty surged 128.60 points or 1 per cent to 12,987. Tata Steel was the top performer among the Sensex components, surging 5.16 per cent, followed by Bajaj Finance, Bajaj Auto, HDFC, HCL Tech, Axis Bank, HDFC Bank and Titan.

However, Maruti, ONGC, IndusInd Bank, Tech Mahindra and Infosys dipped up to 0.87 per cent.

Global markets perched near lifetime highs as optimism surrounding the Covid-19 vaccines progress was tempered by rising coronavirus cases in multiple countries.

Domestic equities witnessed sharp recovery led by sharp rebound in banking, financial services and insurance (BFSI) stocks and metals, said Binod Modi, Head- Strategy at Reliance Securities.

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