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Divergent trend on the bourses

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Key benchmark indices witnessed divergent trend in the morning trade with the barometer index, the S&P trading with small gains and the 50 index trading with minuscule losses. At 10:15 IST, the was up 36.28 points or 0.13% at 27,709.88. The was currently down 5.05 points or 0.06% at 8,578.35.

The lost 9.78 points or 0.03% at the day's low of 27,663.82 in early trade. The barometer index rose 129.61 points or 0.46% at the day's high of 27,803.21 in morning trade, its highest level since 13 October 2016. The lost 16.05 points or 0.18% at the day's low of 8,567.35 in early trade. The index rose 32 points or 0.37% at the day's high of 8,615.40 in morning trade, its highest level since 13 October 2016.

In overseas stock markets, Asian stocks witnessed a mixed trend. US stocks registered small gains on Friday, 14 October 2016, as investors digested commentary from key Federal Reserve officials while parsing through strong bank earnings and US economic data.

Closer home, the broad market depicted strength. There were nearly two gainers against every loser on BSE. 1,361 shares rose and 697 shares declined. A total of 118 shares were unchanged. The Mid-Cap index was currently up 0.28%. The Small-Cap index was currently up 0.51%. Both these indices outperformed the Sensex.

Cement stocks declined. Ambuja Cements (down 0.77%) and ACC (down 0.55%) edged lower. Shree Cement (up 0.27%) edged higher.

UltraTech Cement was down 0.29%. The company is scheduled to announce Q2 September 2016 results today, 17 October 2016. UltraTech Cement announced after market hours on Friday, 14 October 2016 that it is proposing to issue secured redeemable non-convertible debentures (NCDs) amounting to Rs 300 crore on private placement basis. The tenure of debentures is five years. The interest offered on debentures is 7.15% per annum.

Grasim Industries was up 0.11%. Grasim has exposure to cement sector through its holding in UltraTech Cement.

IT stocks were mixed. Tech Mahindra (down 0.95%), HCL Technologies (down 1.06%), TCS (down 0.3%) and Wipro (down 0.36%) edged lower. Persistent Systems (up 0.61%) and Oracle Financial Services Software (up 0.79%) edged higher.

Index heavyweight and software major Infosys was up 0.52% at Rs 1,032.75. The stock hit a high of Rs 1,041.75 and a low of Rs 1,029.55 so far during the day.

On the macro front, data released by the government after market hours on Friday, 14 October 2016 showed that India's trade deficit narrowed to $8.34 billion in September 2016, from $10.17 billion a year earlier. Imports declined 2.54% to $31.22 billion. Exports rose 4.62% to $22.88 billion.

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

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Divergent trend on the bourses

Key benchmark indices witnessed divergent trend in the morning trade with the barometer index, the S&P BSE Sensex trading with small gains and the Nifty 50 index trading with minuscule losses. At 10:15 IST, the Sensex was up 36.28 points or 0.13% at 27,709.88. The Nifty was currently down 5.05 points or 0.06% at 8,578.35.

Key benchmark indices witnessed divergent trend in the morning trade with the barometer index, the S&P trading with small gains and the 50 index trading with minuscule losses. At 10:15 IST, the was up 36.28 points or 0.13% at 27,709.88. The was currently down 5.05 points or 0.06% at 8,578.35.

The lost 9.78 points or 0.03% at the day's low of 27,663.82 in early trade. The barometer index rose 129.61 points or 0.46% at the day's high of 27,803.21 in morning trade, its highest level since 13 October 2016. The lost 16.05 points or 0.18% at the day's low of 8,567.35 in early trade. The index rose 32 points or 0.37% at the day's high of 8,615.40 in morning trade, its highest level since 13 October 2016.

In overseas stock markets, Asian stocks witnessed a mixed trend. US stocks registered small gains on Friday, 14 October 2016, as investors digested commentary from key Federal Reserve officials while parsing through strong bank earnings and US economic data.

Closer home, the broad market depicted strength. There were nearly two gainers against every loser on BSE. 1,361 shares rose and 697 shares declined. A total of 118 shares were unchanged. The Mid-Cap index was currently up 0.28%. The Small-Cap index was currently up 0.51%. Both these indices outperformed the Sensex.

Cement stocks declined. Ambuja Cements (down 0.77%) and ACC (down 0.55%) edged lower. Shree Cement (up 0.27%) edged higher.

UltraTech Cement was down 0.29%. The company is scheduled to announce Q2 September 2016 results today, 17 October 2016. UltraTech Cement announced after market hours on Friday, 14 October 2016 that it is proposing to issue secured redeemable non-convertible debentures (NCDs) amounting to Rs 300 crore on private placement basis. The tenure of debentures is five years. The interest offered on debentures is 7.15% per annum.

Grasim Industries was up 0.11%. Grasim has exposure to cement sector through its holding in UltraTech Cement.

IT stocks were mixed. Tech Mahindra (down 0.95%), HCL Technologies (down 1.06%), TCS (down 0.3%) and Wipro (down 0.36%) edged lower. Persistent Systems (up 0.61%) and Oracle Financial Services Software (up 0.79%) edged higher.

Index heavyweight and software major Infosys was up 0.52% at Rs 1,032.75. The stock hit a high of Rs 1,041.75 and a low of Rs 1,029.55 so far during the day.

On the macro front, data released by the government after market hours on Friday, 14 October 2016 showed that India's trade deficit narrowed to $8.34 billion in September 2016, from $10.17 billion a year earlier. Imports declined 2.54% to $31.22 billion. Exports rose 4.62% to $22.88 billion.

Powered by Capital Market - Live News

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

image
Business Standard
177 22

Divergent trend on the bourses

Key benchmark indices witnessed divergent trend in the morning trade with the barometer index, the S&P trading with small gains and the 50 index trading with minuscule losses. At 10:15 IST, the was up 36.28 points or 0.13% at 27,709.88. The was currently down 5.05 points or 0.06% at 8,578.35.

The lost 9.78 points or 0.03% at the day's low of 27,663.82 in early trade. The barometer index rose 129.61 points or 0.46% at the day's high of 27,803.21 in morning trade, its highest level since 13 October 2016. The lost 16.05 points or 0.18% at the day's low of 8,567.35 in early trade. The index rose 32 points or 0.37% at the day's high of 8,615.40 in morning trade, its highest level since 13 October 2016.

In overseas stock markets, Asian stocks witnessed a mixed trend. US stocks registered small gains on Friday, 14 October 2016, as investors digested commentary from key Federal Reserve officials while parsing through strong bank earnings and US economic data.

Closer home, the broad market depicted strength. There were nearly two gainers against every loser on BSE. 1,361 shares rose and 697 shares declined. A total of 118 shares were unchanged. The Mid-Cap index was currently up 0.28%. The Small-Cap index was currently up 0.51%. Both these indices outperformed the Sensex.

Cement stocks declined. Ambuja Cements (down 0.77%) and ACC (down 0.55%) edged lower. Shree Cement (up 0.27%) edged higher.

UltraTech Cement was down 0.29%. The company is scheduled to announce Q2 September 2016 results today, 17 October 2016. UltraTech Cement announced after market hours on Friday, 14 October 2016 that it is proposing to issue secured redeemable non-convertible debentures (NCDs) amounting to Rs 300 crore on private placement basis. The tenure of debentures is five years. The interest offered on debentures is 7.15% per annum.

Grasim Industries was up 0.11%. Grasim has exposure to cement sector through its holding in UltraTech Cement.

IT stocks were mixed. Tech Mahindra (down 0.95%), HCL Technologies (down 1.06%), TCS (down 0.3%) and Wipro (down 0.36%) edged lower. Persistent Systems (up 0.61%) and Oracle Financial Services Software (up 0.79%) edged higher.

Index heavyweight and software major Infosys was up 0.52% at Rs 1,032.75. The stock hit a high of Rs 1,041.75 and a low of Rs 1,029.55 so far during the day.

On the macro front, data released by the government after market hours on Friday, 14 October 2016 showed that India's trade deficit narrowed to $8.34 billion in September 2016, from $10.17 billion a year earlier. Imports declined 2.54% to $31.22 billion. Exports rose 4.62% to $22.88 billion.

Powered by Capital Market - Live News

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

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