Nifty, Sensex Hit Record Highs but End Flat Amid Volatility as F&O Deadline Looms

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Nifty, Sensex Hit Record Highs but End Flat Amid Volatility as F&O Deadline Looms
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- It was a day of new highs for Indian markets as Nifty 50 and the BSE Sensex 30 both hit intra-day records before closing flat a day ahead of the F&O expiry deadline for August. Nifty crossed 16,700 levels today before closing less than 0.1% up. The next major resistance point for Nifty is at 16, 850 levels.

Top Nifty gainers were Adani Ports and Special Economic Zone Ltd (NS: APSE ) up 3.7% while HDFC (NS: HDFC ) Life Insurance Company Ltd (NS: HDFL ), Hindalco Industries Ltd. (NS: HALC ) and Oil And Natural Gas Corporation Ltd (NS: ONGC ) gained over 2.3% each.

Bajaj Finserv Ltd (NS: BJFS ) ended down 2.93% today, leading the Nifty losers. It was followed by Titan Company Ltd (NS: TITN ) down 2.23%. Maruti Suzuki India Ltd. (NS: MRTI ) and Bharti Airtel Ltd. (NS: BRTI ) closed down 1.31% each. Nifty Bank also lost 0.35%.

Asian markets ended mixed today with Nikkei 225 flat, and KOSPI 50 gaining 0.27% while the Shanghai Composite gained 0.74%.

US stocks are set to open marginally higher, struggling to add to record levels as investors hunker down ahead of the important Federal Reserve symposium at the end of the week (see above).

The Federal Reserve is more likely to wait until November until announcing a formal tapering of its bond-buying program, according to Goldman Sachs (NYSE: GS ).

As of this report, Dow Jones 30 Futures , S&P 500 Futures , and Nasdaq 100 Futures were all up less than 0.1% each.

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  • satyabrata nayak @satyabrata nayak
    mkt will correct 10%, don't buy in top. sell on rising
    Like 7
    • Nitesh Pasari @Nitesh Pasari
      @satyabrata nayak Any Data to Back your Analysis!
      Like 1
    • Basil Shaikh @Basil Shaikh
      Or you may lose the opportunity by waiting for the crash.
      Like 0
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      100

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