Sensex marginally down

Maruti Suzuki India eyes expansion; the stock rises by 2.65%.

Dish TV raises $100 million through global depository receipt (GDR) issue; the stock surges 2.46%.

United Spirits acquires Tern Distilleries; the stock ends 2.56% higher.

Hindalco Industries to raise Rs2,900 crore in qualified institutional placement (QIP); the stock rises 1.08%.

Bajaj Auto to roll out more bikes; the stock up by 1.00%.

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Post-market summary

Global signals

The European stocks opened weak today due to negative Asian cues and financial stocks acted as drag on the markets. However, at the time of writing this report the markets have recovered all the losses and trading almost flat. FTSE 100 is trading at 5353, down by mere 0.05%.

Major Asian indices that opened mixed slid as the day passed and all the major indices except the Taiwan Weighted that closed 0.36% higher closed in red. SGX Nifty ended the day at 5080 losing 22 points.

Today, the traders in US markets would be waiting for the following data:

GDP- second estimate for Q3
GDP deflator- second estimate for Q3
Consumer confidence for November
FHFA home price index for September
FOMC minutes

Indian indices

It was a dull day for the domestic indices, as Sensex remained in red and range-bound for most part. The bellwether opened at the day’s high of 17231 with gains of 51 points, but slid to hit the low of 17028. However, buying in auto and consumer durable stocks helped the index to close at 17131, lower by 49 points or 0.29%. Nifty closed at 5091, down by 13 points.

Sensex sentiment

The market breadth was neutral as out of 2,829 stocks traded on the BSE, 1,372 stocks advanced, whereas 1,370 stocks declined. Eighty-seven stocks closed unchanged.

Sectoral & stock screening

Out of the 13 sectoral indices, five closed higher while eight closed lower. BSE Auto topped the list with gains of 1.45% followed by BSE CD that rose by 1.40%, while BSE TECk, BSE IT and BSE HC ended the day with marginal gains. Among losers, BSE FMCG fell the most by 0.92% followed by BSE Metal that was down by 0.81%.

On stocks’ front, Max India topped the chart surging by 7.35% for the day to be followed by Bharat Forge (up 7.16%). Chambal Fertilisers & Chemicals, Videocon Industries and Balrampur Chini Mills were up by over 6% each. Among losers, GMDC slid the most by 4.33%, followed by Exide Industries that fell by 4.21% and Jubilant Organosys that shed 3.97%.

Viewing volumes

On turnover front, Over 0.81 crore shares of Unitech changed hands on BSE followed by Suzlon Energy (0.79 crore shares), Reliance Natural Resources (0.49 crore shares), GVK Power & Infrastructures (0.47 crore shares) and Uco Bank (0.39 crore shares).