Nifty Closes below 17,220. Sensex down by 90 points. Metals, Media and PSU Banks drags. Pharma and Healthcare shines.

Indian benchmark indices ended lower during a choppy session. Sensex closes at 57,806.49 points, by losing 90.99 points. Nifty ends at 17,213.6, by losing 19.70 points. Today is the penultimate day of both monthly and annual expiry.

Selling pressure prevailed in most of the sectors like metals, banks, media, energy and power. However, buying has seen in Pharma, Healthcare and Auto sectors. Eicher Motors was top gainer on Nifty 50. Bajaj Auto announced that it will invest $40 Million to build an entity with a capacity of 500,000 EVs per annum. 

Rising Omicron Variant cases causing concerns all over the world. India is not an exception. The news of curtailments on several services in Delhi and other major cities and states, may effect market sentiment during this last week of 2021. The gains by Pharma and Healthcare might be a sign of caution. It is an opinion. But there is a possibility of cautious trade in rest of this week.