Sensex, Nifty Edge Higher; UltraTech Jumps

As Today is expiry of Derivative, so market will be volatile.

The BSE Sensex and Nifty traded flat on Wednesday as traders remained cautious due to expiry of derivative contracts for the month of December. The Sensex gained as much as 60 points to a day high of 27,560, while the Nifty made a high of 8,282

Analysts say markets will remain volatile because of expiry today. Till Tuesday, market-wide rollover has been 59 per cent against three months average of 62 per cent, according to the National Stock Exchange data.

UltraTech Cement was the top gainer in Nifty, up 2.5 per cent.  The company has agreed to buy two cement plants from Jaiprakash Associates for Rs 5,400 crore including debt. Jaiprakash Associates shares were up around 3 per cent.

JSPL was the top loser in Nifty, down 1.1 per cent. Dr. Reddy’s Lab, HCL Tech and Power Grid were the other losers in Nifty.

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