Thursday, 27 August 2015

Sensex down 318 pts; Nifty ends below 7800, F&O expiry eyed

Benchmark indices failed to hold psychological levels due to selling pressure in banking & financials and healthcare stocks. The 30-share BSE Sensex cracked 317.72 points or 1.22 percent to 25714.66 and the 50-share NSE Nifty ended below the 7800-mark, down 88.85 points or 1.13 percent to 7791.85. The BSE Midcap also lost ground, down 0.8 percent. Experts expect the volatility to continue for some more time due to China's worries. According to them, expiry could be around 7800-7900 levels.

Housing finance company HDFC topped the selling list on Sensex, down 3.8 percent followed by Infosys, ICICI Bank, Larsen & Toubro, State Bank of India, Sun Pharma, ITC, M&M, ONGC and Hero Motocorp with 1-3.5 percent losses.

Bharti Airtel lost 2.6 percent. After market hours, the company announced that it will buy 100 percent stake in Augere Wireless Broadband that holds 20 MHz of BWA spectrum in Madhya Pradesh and Chhattisgarh circles.


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