Technology stocks saw huge buying interest on depreciation in rupee. TCS, Infosys and Wipro rallied 1-3 percent.Direct to home service provider Videocon D2H has filed for initial public offer (IPO) to raise up to Rs 700 crore, themarket regulator Sebi said. The company had received the regulator’s approval in March 2013 for its proposed IPO butdid not launch the same due to bad market conditions.

In an earlier interview to CNBC-TV18, the chairman and managing director Venugopal Dhoot had said that Videocon D2H islooking at a Diwali release for its proposed float. When asked whether the proceeds will be used purely for acquisition or to repay some of the debt, Dhoot has said it would mainly be for expansion.Maruti Suzuki sold 1.09 lakh units in September, down nearly a percent compared 1.10 lakh units in previous month but up 4.6 percent compared to same month last year. Sales were lower than analysts’ expectations of 1.2 lakh units.

Domestic sales grew 9.8 percent year-on-year to 99,290 units and passenger vehicle sales rose by 3.1 percent to 81,447 units but exports declined 28.2 percent to 10,452 units during the same period.Indian equities are done away with the Modi premium over the past three months and are back to focusing on high quality stocks with high earnings visibility, says Ridham Desai, Managing Director, Morgan Stanley.

However, this skepticism is good for the bulls, he tells CNBC-TV18 in an interview. Second quarter earnings season, which kicks off from October 10, will be watched out and sectors like healthcare, technology and consumer staples are likely to post strong growth, he adds.

Equity benchmarks remained rangebound as investors stayed sideways ahead of long weekend. The Sensex fell 8.41 points to 26622.10 and the Nifty declined 6.20 points to 7958.60. The broader markets maintained marginal gains with the BSE Midcap and Smallcap indices rising 0.2 percent each. Advancing shares beat declining ones by a ratio of 1076 to 897 on the BSE.