Indian equity benchmark -- Nifty – ended Thursday’s trading session just below its neutral line ahead retail inflation data. The weekly Nifty futures & options expiry also weighed on the sentiment. Index made positive start as traders took support after labour ministry said retail inflation for industrial workers eased to 3.86 per cent in May compared to 4.42 per cent in the same month a year ago. However, soon market turned negative as traders were cautious after Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has flagged concerns over quality of disclosures made by some NBFCs and urged the auditing community to ensure that entities provide appropriate qualitative information to depositors as well as other stakeholders. In afternoon session, market continued its weak trade and touched low point. But, in late afternoon session, index trimmed most of its losses to end tad below neutral line.
Traders were seen piling up positions in Oil & Gas, Media and Consumer Durables, while selling was witnessed in Realty, Pharma and Healthcare. The top gainers from the F&O segment were Hindustan Petroleum Corporation, Sun Tv Network and Polycab India. On the other hand, the top losers Info Edge (India), Vedanta and Coforge. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23400 - 23600 puts indicating this is the trading range expectation.
