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F&O expiry: Nifty ends at 10,589, PSU banks fall; rupee hits record low

SI Reporter/New Delhi 28 Jun 18 | 08:15 AM

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The markets ended lower on Thursday, the last day of expiry of futures & options contracts for the June series. Sentiment wasa also impacted by firm crude oil prices and the rupee that hit a record of over 69 to the US dollar. The S&P BSE Sensex ended at 35,038, down 179 points, while the Nifty50 index settled at 10,589, down 82 points.

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Among sectoral indices, the Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Punjab National Bank, Bank of India and Syndicate Bank.

RUPEE

The rupee fell to an all-time low against the US dollar in trade on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency.

The partially convertible rupee was trading at a life low of 69.03/04 against the dollar. The Indian currency closed at 68.65/66 per dollar on Wednesday.

GLOBAL MARKETS

Asian stocks slumped to nine-month lows, as investors worried that the the Trump administration's approach to trade is harming global economic growth - even as the White House approach to Chinese investment in US technology companies appeared to be softening.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 0.52 per cent to hit a new near nine-month low, before it recovered some ground, while Japan's Nikkei average was flat after erasing earlier losses.

OIL PRICES

In commodities, US oil prices dipped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline.

US West Texas Intermediate (WTI) crude futures were at $72.54 a barrel, down 22 cents, or 0.3 per cent from their last settlement. WTI hit its highest since November 2014 at $73.06 per barrel in the previous session. Brent crude futures were at $77.54 per barrel, down 8 cents from their last close.

(with Reuters inputs)

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Sensex

Company Price Gain (%)
NTPC155.701.96
Infosys1,333.051.83
H D F C1,991.550.95
Wipro283.100.86
Hind. Unilever1,753.850.73

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