Wednesday, August 24, 2016

Nifty volatile ahead of F&O expiry; Midcap outperforms

Epic Update Infosys

Equity benchmarks continued to consolidate for the third consecutive session with the Nifty hovering around 8650 level ahead of expiry of August derivative contracts.

The 30-share BSE Sensex was up 29.20 points at 28019.41 and the 50-share NSE Nifty gained 12.05 points at 8644.65 while the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.5 percent each.

About two shares advanced for every share falling on the exchange.

Infosys rallied for the second consecutive day, up 1.7 percent. Maruti Suzuki and NTPC gained 2 percent each while Lupin shed 1.7 percent.


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