Sensex, Nifty trade flat ahead of Feb F&O expiry; Wipro, Jet Airways stocks slip

Selling pressure was seen in media, metal, realty, and auto indices.

Feb 28, 2019 09:02 IST India Infoline News Service

Bombay Stock Exchange Building
Equity benchmark indices opened higher on Thursday despite the mixed global cues. Investors may remain cautious amid the expiration of near-month derivative contracts, also rising tensions with Pakistan and lingering uncertainty about a potential US-China trade deal may keep investors nervous. However, selling pressure was seen in media, metal, realty, and auto indices.

Shares of Jet Airways slipped 3% after the company said seven more aircrafts have been grounded due to non-payment of lease rentals.

Shares of Wipro declined for the second consecutive trading session. The IT company plans to sell Workday and Cornerstone to Alight for up to $110mn.

The Sensex is up 16 points at 35,922, while the Nifty was up 12 points to 10,815. The market breadth was positive with 921 shares advancing, 565 shares declining, and 553 remaining unchanged.

The BSE Midcap index was trading 74 points higher at 14,323, while BSE Smallcap index was ruling at 13,637, up 63 points.

The rupee opened marginally lower by 2 paise at 71.26 against the US dollar.

ONGC, IOC, Coal India, Bharti Airtel, and Sun Pharma are trading higher, while Indiabulls HF, Hero MotoCorp, and Wipro are trading lower on the NSE.

Volatility index India VIX slipped 2.93% at 18.34.

The most active stocks are Yes Bank, TCS, Reliance Industries, Jet Airways, and Axis Bank.

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