Mumbai: The Bombay Stock Exchange benchmark sensex pared initial gains and was quoted 40 points down at 10:30 am in a range-bound trade due to approaching expiry of derivatives contract on Thursday.
The 30-share barometer, which gained 81 points in early trade, plunged by 40.15 points or 0.28 per cent from its previous close to 14,442.07 at 10:30 am. The 50-share Nifty of the National Stock Exchange also eased by 8.90 points or 0.21 per cent to 4,328.60 at 10:30 am from its last close.
Marketmen said that investors were seen rolling over positions to September series and also squared off their holdings in the August contract of the Futures & Options. The market is expected to remain volatile for a couple of days due to squaring off positions by investors.
Realty, oil and gas shares were trading lower while healthcare and metal stocks showed modest gains during late morning trading. (PTI)
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