The markets witnessed a rough ride on the F&O series expiry day on Thursday, however the June expiry itself was a positive close. The Sensex fell around 40-odd points, Nifty 50 corrected over 100-odd points, the Nifty Bank index fell near 1 percent, while the midcap index outperformed and ended in the green.Foreign institutional investors (FIIs) net sold a large amount in Thursday's trading session and domestic institutional investors (DIIs) net bought over Rs 2,500-odd crore.The US markets ended lower. The Dow Jones snapped its 13-day rally. The strong Meta earnings and strong GDP numbers did not seem to enthuse the markets on Thursday.When it comes to the European markets, the ECB also hiked its rates, joining the US Fed in terms of central bank action this week. Asia is largely weak at the moment, when it comes to hiking rates. The Bank of Japan meet is in focus because there could be a discussion on long-term rates, which will be watched quite closely.

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28 Jul 2023