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Marginal gain for Sensex, Nifty
After a volatile trading session the BSE Sensex closed just 20 points higher on Wednesday, ahead of the Sebi board meet to finalise its proposals on P-Notes. the sensex surged by over 300 points in early trade before slipping into the red. It recovered towards the end of the day to end at 18,513 staying positive after its 879 points surge in the previous sessions.
The NSE Nifty also gained 22 points to close at 5,496. But in the boarder market, the mid caps and small caps beat the frontline stocks with their respective indices surging by over 1% on the BSE.
foreign institutional investors and operators were engaged in rolling over their derivatives position to the November series ahead of the expiry of October contracts on Thursday, market players said. The marketwide rollover was slightly over60% on wednesday.
The markets could be in for another choppy session on Thursday, the last day to toll over or square off these contracts, they added.