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Cement stocks decline

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Key benchmark indices pared some losses in early afternoon trade after hitting intraday lows in mid-morning trade. At 12:26 IST, the barometer index, the Sensex, fell 77.70 points or 0.23% at 34,365.49. The 50 declined 30.90 points or 0.29% at 10,606.10.

The had hit a record high in early trade. Later, the movement of key indices was confined to a narrow range around the flat line till mid-morning trade before extending losses amid weakness in Asian stocks.

Among secondary indices, the Mid-Cap fell 0.44%. The Small-Cap also dropped 0.44%. Both these indices underperformed the

Overseas, most Asian stocks edged lower. US equities rose to record highs yesterday, 9 January 2018 as investors remained optimistic about the market heading into the corporate earnings season.

Back home, the breadth, indicating the overall health of the market, was weak. On the BSE, 1,645 shares declined and 1,081 shares advanced. A total of 120 shares were unchanged.

Telecom stocks nudged higher. (up 1.07%), (up 0.32%) and (up 0.04%) gained.

dropped. (down 1.03%), (down 0.54%) and ACC (down 0.32%) edged lower. (up 0.29%) and (up 0.17%) gained.

tumbled 5.02% at Rs 252.60 after net profit dropped 50.9% to Rs 10.9 crore on 33.8% growth in total income to Rs 102 crore in Q3 December 2017 over Q3 December 2016. The result was announced after trading hours yesterday, 9 January 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 12:25 IST