Nifty volatile ahead of F&O expiry; Midcap outperforms
Equity benchmarks continued to consolidate for the third consecutive session with the Nifty hovering around 8650 level ahead of expiry of August derivative contracts.
The market has opened firm ahead of August Futures and Options expiry tomorrow as global cues are supportive. The Sensex is up 103.55 points or 0.4 percent at 28093.76 and the Nifty is up 15.90 points or 0.2 percent at 8648.50. About 309 shares have advanced, 96 shares declined, and 28 shares are unchanged.
Maruti, Infosys, ONGC, NTPC and Adani Ports are top gainers while Lupin, TCS, Coal India, Hero MotoCorp and Tata Steel are losers in the Sensex. The Indian rupee opened lower by 8 paise at 67.14 per dollar versus 67.06 Tuesday.
The dollar index hold steady as investors reassess the outlook for US monetary tightening.