Nifty volatile ahead of expiry

NIFTY ZIGZAG trading today

SBI and Axis Bank were down more than 2.5%. PNB fell 2%. HDFC Bank, ICICI Bank and Kotak Mahindra Bank slipped 0.5-1%. DLF from realty pack was down nearly 1%.

Bharti Airtel, Reliance Communications, Tata Motors, M&M, Ambuja Cements and Jaiprakash Associates were down 2%.

However, TCS, ONGC, Infosys, NTPC, ITC, L&T, HUL and Hero Honda went up 1.5-2.5%. Reliance Industries, BHEL and Sterlite Industries were up nearly 1%.

In midcap space, Bajaj Corp, Coromandel International, South Indian Bank, WABCO-TVS and KGN Industries gained 5-7% while Himadri Chemical, JM Financial, Motilal Oswal, Jet Airways and United Bank fell 4-5%.

In smallcap space, AP Paper Mills surged 20%. KNR Construction, Lloyd Electric, Gemini Comm and Sterling Holiday rallied 9-13%. However, Smartlink Network tanked 7%. Shree Ram Urban, West Coast Paper, Koutons Retail and Seamec lost 5-7%