Indina equity benchmark -- Nifty ended lower with cut of over one and half percent on Thursday amid surge in crude oil prices above $100 per barrel, on account of renewed uncertainty over US-Iran diplomatic talks after Iranian President Masoud Pezeshkian's comments at the UN General Assembly (UNGA) that Tehran will never surrender to US. Index made a gap-down start and remained under pressure till the end of the session, as U.S. bond yields jumped to their highest levels in nearly two decades, raising the possibility of another interest-rate hike from the Federal Reserve this year. Besides, sharp selloff in all the sectors dampened investors sentiments. Finally, Nifty ended near 23,050 mark.
All sectorial indices ended in red. The top gainers from the F&O segment were ICICI Lombard General Insurance Company, Oil India and Multi Commodity Exchange of India. On the other hand, the top losers were PB Fintech, Max Financial Services and L&T Finance. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 22900 - 23100 puts indicating this is the trading range expectation.
