TODAYS MOVERS IN MARKET
Indian markets ended lacklustre session in the negative terrain on Tuesday as traders began churning portfolios ahead of November series expiry. Gains in auto and IT were offset by metals and FMCG stocks
Market opened lower in line with subdued Asian markets and moved in a narrow range with a negative bias. Lack of triggers from domestic front and negative European markets also dampened the sentiments.
Bombay Stock Exchange’s Sensex ended at 17,131.08, down 49.10 points or 0.29 per cent. The 30-share index hit an intra-day low of 17027.52 and high of 17230.86. National Stock Exchange’s Nifty closed at 5090.55, down 13 points or 0.25 per cent. The index touched an intraday high of 5112.85 and low of 5053.50. “Nifty is rangebound and unable to cross above 5100 and sustain. On the downside it is taking support at 4850. Unless there is a trigger to drive the market we will continue to move in range,Second rung stocks outperformed the benchmarks. BSE Midcap Index was up 0.23 per cent and BSE Smallcap Index gained 0.36 per cent.
Amongst the sectoral indices, BSE FMCG Index lost 0.92 per cent, BSE Metal Index shed 0.81 per cent and BSE Oil&Gas Index declined 0.79 per cent. BSE Auto rose 1.45 per cent. Tata Steel (-2.76%), Reliance Infrastructure (-2.27%), ITC (-2.04%), Sterlite Industries (-1.88%) and ICICI Bank (-1.26%) led declines in the 30-share index. Sensex gainers comprised Maruti Suzuki (2.65%), Mahindra & Mahindra (2.42%), Bharti Airtel (2.25%), Hero Honda (2.15%) and Hindalco Industries (1.08%).
Market breadth on BSE turned marginally positive with 1372 advances against 1370 declines. European markets were in the red led following profit booking in commodities.
The US stocks futures indicated a flat opening. At 5:30 pm IST, Dow Jones stock futures was up 0.02 per cent, S&P 500 moved 0.10 per cent higher and Nasdaq 100 declined 0.06 per cent.
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