Stock market updates:The penultimate day of the August F&O series’ expiry turned out to be highly volatile as bulls and bears fought to reign on Street. While the benchmark indices scaled fresh lifetime highs in the intra-day deals, they failed to hold on to their gains and ended flat. India VIX was up 3 per cent by close.
The headline S&P BSE Sensex, after hitting a new high of 56,188 on the BSE, closed at 55,944 levels, down 15 points or 0.03 per cent. It’s NSE counterpart, on the other hand, ended at 16,635 levels, up 10 points or 0.06 per cent. It had hit a new high of 16,712 in the intra-day deals.
The market breadth on the BSE favoured buyers for second straight day as broader indices outperformed benchmarks. The BSE MidCap index closed 0.6 per cent higher while the BSE SmallCap index gained 0.7 per cent.
Sectorally, the Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.