Finance
On Thursday, the monthly F&O expiry day, Indian benchmark indices ended higher after snapping a three-day losing streak. While the BSE Sensex finished 503.27 points, or 0.94 percent higher, at 54,252.53, the NSE Nifty 50 finished 144.40 points, or 0.90 percent higher, at 16,170.20.
The Nifty Bank index gained 2.2 percent and closed at 35,094. Sector gains are led by the Nifty PSU Bank and Metal indices, which are up 3% and 2.67%, respectively.
On the downside, the Nifty FMCG index finished in the red, down 0.2 percent. The BSE midcap index gained 1.4 percent, while the smallcap index gained 0.78 percent. In the short term, the market is likely to remain highly volatile due to persistent FII selling and inflation fears.
According to analysts and experts, investors can use dips as buying opportunities to accumulate quality stocks.
Source:FE
