Key benchmark indices extended losses in the afternoon trade on fresh security concerns in Paris after reports stated that three people were killed as French police raided an address in the the northern suburb of Paris linked to last week's terror attacks in Paris. At 13:16 IST, the barometer index, the S&P BSE Sensex, was down 103.57 points or 0.4% at 25,760.90. The Nifty 50 index was down 25.75 points or 0.33% at 7,811.80. The market breadth indicating the overall health of the market was positive. On BSE, 1,267 shares rose and 1,153 shares fell. A total of 178 shares were unchanged. The BSE Mid-Cap index was up 0.12%. The BSE Small-Cap index was up 0.2%. Both these indices outperformed the Sensex.
In overseas stock markets, Asian shares edged lower on reports three people were killed as French police raided an address in the the northern suburb of Saint-Denis linked to last week's terror attacks in Paris. US stocks gave up earlier gains to end almost flat yesterday, 17 November 2015, as falling oil prices overshadowed strong earnings from giant retailers Wal-Mart Stores and Home Depot Inc. The evacuation of a soccer stadium in Germany also rekindled terror fears, unnerving investors.
In sectoral trends, cement stocks gained. ACC (up 0.67%), Ambuja Cements (up 1.83%) and UltraTech Cement (up 0.18%) edged higher. Shree Cement (down 0.21%) edged lower.
Grasim Industries was up 0.03%. Grasim has exposure to cement sector through its holding in UltraTech Cement.
Auto stocks were mostly higher. Eicher Motors (up 2.91%), Tata Motors (up 1.1%), Mahindra & Mahindra (up 0.59%), Ashok Leyland (up 0.92%) and Bajaj Auto (up 0.26%) gained. Hero MotoCorp (down 0.22%), TVS Motor Company (down 1.21%) and Maruti Suzuki India (down 1.2%) edged lower.
Tata Steel was down 1.92% at Rs 230. The stock hit a high of Rs 234.80 and a low of Rs 229.05 so far during the day. The company during market hours today, 18 November 2015, announced that it has taken a step towards beginning a new chapter by dedicating its Kalinganagar steel plant to Odisha. The Kalinganagar steel plant is the largest single-location Greenfield steel project in India. The first phase of 3 million tonnes per annum (MnTPA) of 6 MnTPA will produce world-class flat, lighter, high-tensile strength steel. Tata Steel will augment its Indian production to around 13 MnTPA of crude steel in India and will now expand its portfolio to high-grade flat products for ship-building, defence equipment, energy and power, infrastructure building, aviation and lifting & excavation, Tata Steel said. This expansion will also reinforce Tata Steel's leadership position in the domestic automotive segment, the company said in a statement.
Valiant Communications surged 16.39% at Rs 87 after the company said it has received the letter of awards from Power Grid Corporation of India (PGCIL) for supply, installation and commissioning for Communication Equipment Package (PDH Equipment), for West Bengal State Electricity Distribution Company (WBSETCL) and Jharkhand (Jharkhand State Electricity Board) Consultancy projects. The gross value of letter of awards is Rs 8.03 crore, Valiant Communications said. The company made the announcement during trading hours today, 18 November 2015.
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