Markets trade with bated breathe; Q3 earnings sets in

Today's major news

Mahindra & Mahindra to roll out electric Maxximo by October; the stock rises 0.60%

Maruti Suzuki India to bring new variants of Alto, Wagon R and Swift; the stock jumps 1.49%

Reliance Industries sells another 3.3 crore treasury shares; the stock declines by 1.85%

Suzlon Energy receives 21MW repeat order from Gujarat Alkalies: the stock surges 2.38%

JK Tyres plans capital expenditure; the stock shots up 3.07%

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Events Update

MBL Infrastructure lists on BSE at Rs190. The day’s low was Rs190 and the day’s high was Rs205.75. The stock closed at Rs205.75, up 14.31% with a volume of 52,94,565 shares on BSE.

Post-market summary

Global signals

European stocks opened higher and hit 15-month high in morning trades, as energy stocks and mining stock gained. At the time of writing this report. FTSE 100 was trading 54 points higher at 5588.

All Asian indices except Kospi and BSE 30 (Sensex) closed higher. SGX Nifty closed 1.50 points higher.

US stock futures opened higher, as investors keep an eye on quarterly results of Aluminmim major Alcoa to be announced later in the day.

Indian indices

Despite positive cues from global markets, Sensex closed the day 14 points or 0.08% lower. The bellwether opened 184 points higher and soon touched the day’s high of 17776, but the news of sale of treasury shares by Reliance Industries and selling in oil & gas stocks pushed it to the day’s low of 17501. The index closed the day 14 points lower. Nifty ended the session at 5249, up by 5 points.

Market sentiment

Advancing stocks outnumbered declining stocks by 2.5:1. Of the 2,997 stocks traded on BSE, 2,116 stocks advanced, whereas 832 stocks declined. Fourty nine stocks closed unchanged.

Sectoral & stock screening

All the 13 sectoral indices at BSE were up for the day bar BSE Oil & Gas that fell by 1.10%. Realty sector topped the chart of sector indices with the BSE Realty up by 2.57%, followed by BSE TECk that surged 1.08%.

On stocks’ front, the top three gaining stocks were GE Shipping (up by 6.62%), MTNL (up by 6.10%) and Gujarat NRE Coke (up by 5.76%). The top three losing stocks were PTC India (down by 3.03%), IFCI (down by 2.26%) and Reliance Industries (down by 1.85%).

Viewing volumes

Realty giant Unitech was the most actively traded share with over 1.27 crore shares changing hands on the BSE followed by industrial finance company IFCI (0.86 crore shares), wind turbine maker Suzlon Energy (0.83 crore shares), Ispat Industries (0.56 crore shares) and ADAG group company, Reliance Natural Resources (0.38 crore shares).