Tracking weak Asian peers the markets opened on a soft note and witnessed minor volatility in the early session. The markets moved higher and traded sideways till the noon session but slipped lower in the afternoon session only to recover in the late trade and close the day to with moderate gains .
Among the sectoral indices Realty, Healthcare & Power gained while Capital Goods & Auto witnessed some selling pressure. In the Sensex stocks Cipla (4.18%), Gail (1.85%), and HDFC (1.75%) were the gainers while Hindalco (1.87%), Maruti (1.70%), and Tata Motors (1.06%) were among the losers. The Sensex gained 55 points or 0.29% to close at 18,817 and the Nifty gained 20 points or 0.35% to close at 5,724.
Total traded turnover stood at Rs 122,916 cr. In equities FIIs were net buyers (Rs 175 cr) while DIIs were net sellers (Rs 222 cr) . On the derivatives side, FIIs were net sellers in Index Futures (Rs 15 cr), Stock Futures (Rs 21 cr) Stock Options (Rs 193 cr) and Index Options (Rs 1,038 cr).
The US markets ended higher as investors remained optimistic and keenly watched for outcome of Presidential elections. The Dow Jones gained 133 points or 1.02% to close at 13,246 while the NASDAQ gained 12 points or 0.41 % to close at 3,012.
Asian markets were capped in early trade as investors remained cautious against the risk of an indecisive outcome in the closely fought U.S. presidential election, with early counting as yet showing no clear winner. Indian indices are also expected to open on a flattish note and global developments are expected to provide direction in the near term to markets.
The Asian markets are trading marginally higher. Nikkei is trading higher by 0.13 % while Hang Seng is trading flat.
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