D-Street on F&O Expiry Day: Sensex Jumps 346 Pts, All Sectors Shine

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D-Street on F&O Expiry Day: Sensex Jumps 346 Pts, All Sectors Shine
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Major indices on Dalal Street ended higher on Wednesday amid positive cues from Asian markets, as investor concerns over the global banking crises soothed, supporting a significant upswing across global markets.

Benchmark equity indices erased opening gains towards mid-session but thanks to a fag-end buying across sectors, the domestic market ended Wednesday on a strong note.

Headlines Nifty50 closed 0.76% higher at 17,080.7 points and Sensex jumped 346.37 points or 0.6% on the monthly expiry day of March’s derivatives contracts.

The market fear barometer India VIX plunged 11.8% in the session and ended 9.75% lower at 13.32 levels.

Adani stocks Adani Enterprises (NS: ADEL ) and Adani Ports (NS: APSE ) led gains on the Nifty pack, rallying up to 10%, while market heavyweights including Hero Moto (NS: HROM ), Eicher Motors (NS: EICH ), ONGC (NS: ONGC ), Bajaj Finserv (NS: BJFS ), JSW Steel (NS: JSTL ), HCL Tech (NS: HCLT ), and Tata Motors (NS: TAMO ) followed.

Read Also: Adani Enterprises Jumps 8% on Clarification of ‘Baseless’, False Allegations

All Sectoral indices under the Nifty umbrella ended high, with gains led by Nifty PSU Bank soaring 3.22%, while Nifty Media , Nifty Realty and Nifty Metal zoomed upto 3%. Nifty Bank surged 0.86%.

Reliance (NS: RELI ) and Bharti Airtel (NS: BRTI ) were the top losers on the 30-scrip Sensex.

Investors on Dalal Street added a total of Rs 3.12 lakh crore to their wealth today.

At 5:52 pm, key US Futures Dow Futures jumped 0.65% and Nasdaq 100 Futures surged 0.9%.

To understand more about trading and navigating the markets at a time like this, Investing.com is conducting a webinar on Wednesday, March 29, 2023 at 7:30 pm Indian Time. You can find more details here: Where Should You Invest Right Now? Heres Warren Buffetts Advice

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