The Sensex ended down 5.67 points at 39,582, while the Nifty was down 6 points at 11,841.50. About 1,388 shares have advanced, 1,121 shares declined, and 162 shares are unchanged.
M&M, Tata Motors, Indiabulls Housing, Eicher Motors and Bharti Infratel were among major gainers on the Nifty, while losers were Tech Mahindra, HCL Tech, Hindalco, Reliance Industries and UPL.
Among sectors, buying was seen in the auto stocks, while IT, metal and energy stocks remained under pressure.
Technical View
"The June series had no major triggers, we saw Index consolidating for the first three weeks and then some respite was seen in the final week to conclude the series tad above 11,800. Despite some weaknesses in the initial part of the series, we hardly saw any relevant selling in the indices. We believe the majority of the positions formed in the Nifty and Bank Nifty are on the long side," said Sneha Seth, Derivatives Analyst, Angel Broking.
Rollovers in the Nifty during the day jumped up to 70 per cent, which is in line to the 3-month averages. This suggests that long formed in the June series have been rolled over to the next series. As far as FIIs activities are concerned, they added shorts in Index futures resulting their 'Long Short Ratio' declining from 60 per cent to 53 per cent.
"Simultaneously, they were net buyers in stock futures with a decent margin. In the coming weekly series, 11,800 put and 12,000 call options are attracting the trader's attention. Considering the expiry weeks development, we expect an extension of recent rally beyond 12,000," said Seth said.
Markets ended almost unchanged on the F&O expiry day amid volatility. After opening on positive note, the Nifty gradually inched higher in the first half, supported by noticeable buying in select Index majors. However, volatile swings in the latter half trimmed all the gains. Mostly sectoral indices traded in line with the benchmark and closed flat.
Market View
"Global cues are currently dictating our market trend and we've G20 summit next on the list. Participants will be keenly eyeing the outcome of discussions among the world leaders to deescalate the trade war scenario and ease in the geo-political tension," said Jayant Manglik, President — Retail Distribution, Religare Broking.
