Sensex Today | Stock Market LIVE Updates: Nifty finds resistance at 24,150; Vodafone Idea up 8%
Sensex Today | Stock Market LIVE Updates: It is the second half of the this monthly expiry session. The markets are moving on cautious note on this Nifty monthly expiry session. The Nifty is now trading cuts of 70 points, nearing the 24,150 mark. The Nifty bank has fallen from the highs of the day, droppig 200 points from highs. HCLTech, Cipla and Tata Motors PV are the top laggards.
We are at the halfway mark of this all-important monthly expiry session, as the markets remain under pressure. The Nifty is down over 70 points, falling towards the 24,100 mark. The Sensex is down over 150 points, slippinge below the 77,300 mark
FACT is one of the biggest movers, as it is trading as the most active stock, with a volume of 1.7 crore shares that have been traded so far. This volume is 130 times its 10-day average.
It’s the first F&O expiry since the start of the closing auction session (CAS).
Market participants say today’s expiry could prove particularly challenging because of single-stock options. Even a sharp last-minute move during the auction can alter the settlement outcome, potentially pushing contracts from out-of-the-money to in-the-money status.
Since these contracts are physically settled, such swings could leave investors facing unexpected delivery obligations, requiring them to either deliver shares or arrange funds for settlement.
Watch this space for all the LIVE stock market updates.
