{"id":9249,"date":"2021-04-28T10:53:28","date_gmt":"2021-04-28T10:53:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/28\/sensex-nifty-extend-gains-ahead-of-fo-expiry\/"},"modified":"2021-04-28T10:53:28","modified_gmt":"2021-04-28T10:53:28","slug":"sensex-nifty-extend-gains-ahead-of-fo-expiry","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/28\/sensex-nifty-extend-gains-ahead-of-fo-expiry\/","title":{"rendered":"Sensex, Nifty Extend Gains Ahead Of F&#038;O Expiry"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Positive global cues, solid earnings results and expectations that active cases in the ongoing second COVID-19 wave in India will peak between May 14 and 18 helped Indian shares end higher for the third day running on Wednesday.<\/p>\n<p>The benchmark 30-share BSE Sensex jumped 789.70 points, or 1.61 percent, to 49,733.84, while the broader NSE Nifty index ended up 211.50 points, or 1.44 percent, at 14,864.55 ahead of Thursday&#8217;s expiry of the monthly F&amp;O contracts.<\/p>\n<p>Banks, auto and financial stocks topped the gainers, while metal and healthcare stocks underperformed. <\/p>\n<p>Bajaj Finance soared as much as 8 percent after the non-banking finance company reported stable quarterly earnings and said that it can mitigate any disruption caused by the second wave of COVID infections in the first quarter.<\/p>\n<p>Kotak Mahindra Bank, Bajaj FinServ, Eicher Motors and IndusInd Bank rallied 4-5 percent, while Divis Laboratories, Nestle India, Hindalco and Britannia Industries fell 1-2 percent.<\/p>\n<p>S&amp;P Global Ratings today said the second wave of COVID infections poses downside risks to India&#8217;s GDP and heightens the possibility of <span class=\"landLinks\">business<\/span> disruptions.<\/p>\n<p>&#8220;This may prompt us to revise our base-case assumption of 11 percent growth over fiscal 2021-2022, particularly if the government is forced to reimpose broad containment measures,&#8221; S&amp;P said in a statement. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Extend Gains Ahead Of F&#038;O Expiry<\/a><br \/>\n<br \/>2021-04-28 10:53:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Positive global cues, solid earnings results and expectations that active cases in the ongoing second COVID-19 wave in India will peak between May 14 and 18 helped Indian shares end&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-9249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=9249"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9250"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}