The benchmark equity indices ended Thursday’s trading session in positive territory. The NSE Nifty 50, on its weekly expiry day, jumped 50 points, or 0.22%, to settle at 23,205.35, while the BSE Sensex gained 155.40 points, or 0.15%, to close at 76,520.39.
The broader indices ended in mixed territory, with gains led by large-cap stocks. IT and media stocks outperformed, while other sectoral indices, like banking and financial services, saw a decline.
The Bank Nifty index closed down by 135.40 points, or 0.28%, settling at 48,589.00. Meanwhile, the Nifty Midcap 100 gained 985.35 points, or 1.86%, to end the day at 54,098.85. In broader market performance, small-cap and mid-cap stocks finished in the green.
UltraTech Cement shares surged over 6% following its Q3 results, making it the top gainer in the Nifty 50 on the expiry day of the week. This gain was followed by Grasim, Wipro, Shriram Finance, and Sun Pharma, each rising over 2%.
On the other hand, the top laggards included BPCL, Kotak Mahindra Bank, and HCL Tech, each falling by nearly 2%, along with State Bank of India and Reliance Industries, which also ended the session in negative territory.
The Indian Volatility Index (India VIX) closed down by 0.46 % at 16.70.
WTI crude prices are trading at $75.32 down by 0.12%, while Brent crude prices are trading at $78.89 lower by 0.07% on Thursday, January 23, 202,5 at 3:41 PM (IST).
Nifty weekly contracts typically expire every Thursday, unless it coincides with a trading holiday, in which case the expiry shifts to the previous trading day. These contracts are settled at the regular market closing time on the expiry day or at a time specified by the exchange.
If the last Thursday of the expiry period falls on a trading holiday, the expiry for individual securities is similarly advanced to the previous trading day.
Notably, in MarketWatch, the expiry date for the final week’s contracts is not explicitly displayed. Instead, these are treated as monthly contracts, showing only the month’s name and strike price.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 23, 2025, 3:54 PM IST
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