The Bombay Stock Exchange (BSE) benchmark Sensex moved widely between 18,832.49 and 18,317.17 before ending the day at 18,512.91 from Tuesday’s close of 18,492.84, a gain of 20.07 points or 0.11 per cent. The broader S&P CNX Nifty of the National Stock Exchange (NSE) ended higher by 22.45 points or 0.41 per cent to close at 5,496.15 from previous close of 5,473.70. Foreign Institutional Investors (FIIs) and operators were engaged in roll over of their derivative positions to the next series ahead of the expiry of current contract on Thursday. As per the data, the marketwide rollover was about 42 per cent as on October 23.
Higher rollovers indicated a bullish undertone, market players said adding, “The marketwide rollover in the previous two futures contracts was more than 80 per cent.”