Equity indices gain ahead of August derivative contracts expiry

Video Credit: ANI
Published on August 27, 2020 - Duration: 00:59s

Equity indices gain ahead of August derivative contracts expiry

Equity benchmark indices were in the positive terrain during early hours on August 27 ahead of the expiry of August series derivative contracts.

At 10:15 am, the BSE SandP Sensex up by 178 points or 0.46 per cent at 39,252 while the Nifty 50 gained by 46 points or 0.4 per cent at 11,596.

Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the green with Nifty realty gaining by 3.2 per cent.

Most real estate stocks surged in opening trade after the Maharashtra government's move to cut stamp duty.

Sunteck Realty jumped by 7.6 per cent, Oberoi Realty by 6.6 per cent and DLF by 2.2 per cent.

The other prominent gainers were IndusInd Bank which advanced by 3.7 per cent to Rs 588.55 per share while Axis bank ticked up by 1.3 per cent and ICICI Bank by 1.1 per cent.

HDFC, Tata Motors, Grasim, Cipla and Tech Mahindra too traded with a positive bias.

However, shares of Hindustan Aeronautics plunged by 12 per cent to Rs 1,035.50 per share after the company said that the government plans to sell its 15 per cent stake through a public offering of shares.

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