Indices unchanged

Today's major news

Wipro Q3 net up by 21% to Rs1,217.4 crore; the stock closes 1.63% lower

HDIL Q3 net fall by 11.96%; the stock slides 3.96%

YES Bank Q3 net up 30%; the stock sheds 3.98%

Sun TV Q3 net jumps 35%; the stock shots up 10.25%

HDFC Q3 net up 22%; the stock rises 0.55%.

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Post-market summary

Global signals

European indices were trading marginally lower and at the time of writing of this report, FTSE 100 was trading at 5495, 0.32% lower.

All the major Asian indices closed in red except Kospi and Jakarta Composite that closed marginally higher. SGX Nifty closed 14 points lower.

US stock futures opened lower, as investors look forward to earnings of banking stocks.

Indian indices

On buoyant cues from overseas markets, the stock market back home opened higher and extended its gains in the morning trade. However, at noon, it erased all the gains and remained in red till closing. With the day’s high of 17590 and low of 17425 the Sensex closed at 17474, 12 points lower than its previous close. Nifty closed at 5222, 4 points lower than its yesterday’s close.

Sensex sentiment

Of the 2,981 stocks traded on the BSE, 1,699 stocks declined, whereas 1,212 stocks advanced. Seventy stocks closed unchanged.

Sectoral & stock screening

On listless trading almost all the 13 sector indices did not see much change and were up or down only marginally. BSE TECk stocks drew some investor interest with the sector witnessing a rise of 0.73%--the highest for any sector. BSE Realty, BSE Oil & Gas and BSE PSU all were down over 1% each.

On stocks front, Jai Corp surged the most by 20.00% followed by Sun TV that rose 10.25% and Areva T&D that jumped 7.18% up. Among losers, Rashtriya Chemicals and Fertilisers slid the most by 5.49% followed by Praj Industries that fell 4.88%.

Viewing volumes

On stock turnover front, over 1.31 crore shares of Rashtriya Chemicals and Fertilisers changed hands on the BSE followed by Ispat Industries (0.66 crore shares), India’s second largest realtor Unitech (0.59 crore shares), Jai Corp (0.49 crore shares) and wind turbine major Suzlon Energy (0.48 crore shares).