Market LIVE: Sensex, Nifty end lower on F&O expiry; govt monitoring coronavirus impact on economy

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Share Market News Today | Sensex, Nifty, Share Prices LIVE:  Buying in the final hour of the trade helped Nifty to close above 11,600 levels. Even as Sensex and Nifty recovered from day’s low during closing but still ended lower on the day of expiry of futures & options (F&O) contracts for February series. S&P BSE Sensex closed 143 points or 0.36 per cent lower at 39,746, while the Nifty 50 index settled at 11,633, down 45 points or 0.39 per cent. As many as 20 stocks out of 30 Sensex stocks ended lower in today’s trade. ONGC was the top loser, down 2.61 per cent, followed by HCL Tech, M&M, SBI and IndusInd Bank. While Sun Pharma, Titan, Axis Bank and Asian Paint were the top index gainers. Barring Nifty FMCG and Nifty Pharma, all the sectoral indices settled in red. Nifty PSU Bank dropped over 2 per cent weighed by PNB, Bank of Baroda and Indian Bank. However, Nifty Pharma index gained over half a per cent with Piramal Enterprises, Glen Mark and Lupin as top index gainers. In the broader market, the S&P BSE MidCap index fell 0.65 per cent to close at 15,072 while the S&P BSE SmallCap index lost 120 points or 0.83 per cent to settle at 14,209.

Finance Minister Nirmala Sitharman on Wednesday said the government is keeping a close watch on the impact of the coronavirus outbreak on the Indian economy. The minister also said that the process of merger of public sector banks was underway as per the schedule. The government has announced to merge 10 sector state-run banks to create four bigger lenders. The government is "closely monitoring" the impact of the coronavirus outbreak on the economy, she said.