A morning walk down Dalal Street | Key hurdle for Nifty at 10,300

A volatile session for D-Street a day ahead of October F&O expiry. But, the good news is that Sensex managed to climb above 34,000 while Nifty reclaimed 10,200 levels.

It looks like bulls after getting battered for four consecutive sessions, got some respite yesterday. Nevertheless, the relief is likely to be a brief one as the selling is expected to set in at higher levels, suggest experts. 

The S&P BSE Sensex rose 186 points to close at 34,033 while the Nifty50 rose 77 points to end at 10,224.

Barring pharma, all the sectors ended in the green, with infrastructure and metals ending the day at high points. 

Indian market revered losses due to sharp fall in oil prices towards $75/USD and short covering ahead the F&O expiry.

Fuel prices in India cut for the seventh consecutive day in a row. 

10,290-10,300 shall act as a key hurdle zone where one can look to initiate fresh short position.

Supports are placed at 10,100, 10,000