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Indices trade with small gains

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Key benchmark indices were trading with small gains in afternoon trade as firmness in global stocks supported gains on the bourses. At 13:20 IST, the barometer index, the S&P Sensex, was up 25.92 points or 0.08% at 31,101.65. The 50 index was up 11.70 points or 0.12% at 9,589.75.

Domestic stocks nudged higher in early trade on positive Asian stocks but soon pared gains. Key indices once again regained strength in morning trade. Stocks hovered near the flat line with positive bias in afternoon trade after paring gains in mid-morning trade.

The S&P Mid-Cap index was up 0.19%. The S&P Small-Cap index was up 0.4%. Both these indices outperformed the

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,369 shares rose and 1,097 shares fell. A total of 149 shares were unchanged.

Auto stocks were mixed. Maruti Suzuki India (down 0.24%), Eicher Motors (down 0.25%), Hero MotoCorp (down 0.12%), and Bajaj Auto (down 0.01%) declined. Mahindra & Mahindra (M&M) (up 0.81%), Ashok Leyland (up 0.05%), and TVS Motor Company (up 1.32%) gained.

Tata Motors rose 1.32% after the company said that it is desirous of offering the eighth series of its rated, listed, unsecured, redeemable, noon convertible debentures (NCDs) aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted committee of the board on 21 June 2017. The announcement was made during market hours today, 16 June 2017.

The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors' resolution passed at its meeting held on 23 May 2017.

Capital goods stocks gained on renewed buying. Bharat Heavy Electricals (Bhel) (up 0.07%), Havells India (up 0.94%), ABB India (up 0.06%), Bharat Electronics (up 0.75%), BEML (up 2.28%), and Siemens (up 0.2%) gained. L&T declined 0.07%.

On the macroeconomic data front, merchandise exports have shown growth of 8.32% in dollar terms valued at $24014.62 million during May 2017 as compared to $22170.62 million during May 2016. Merchandise imports rose 33.09% and were valued at $37856.34 million during May 2017 from $28443.52 million in May 2016. The trade deficit for May 2017 was estimated at $13841.72 million as against the deficit of $6272.90 million during May 2016. The data was released by government after market hours yesterday, 15 June 2017.

Overseas, European stocks edged higher in early trade with auto stocks advancing after data showed new car sales in the European Union rose 7.6% in May, as most countries in the region returned to an increase following last month's decline.

Most Asian stocks rose as a number of technology stocks posted gains. US stocks fell for the fourth time in five days dragged lower by shares including Apple and Alphabet that tumbled on bearish analysts' reports.

The Bank of Japan (BOJ) left policy unchanged today, 16 June 2017, maintaining its aggressive monetary stimulus aimed at lifting inflation, which continues to show weakness despite brighter spots elsewhere in the economy. The BOJ board voted to keep its target for 10-year Japanese government bond yields at around zero and a shorter-term interest rate at minus 0.1%, as widely expected by economists. The bank also reiterated that it would continue to buy government bonds at an annual pace of about 80 trillion ($720 billion).

Meanwhile, Washington remained in focus as the special counsel investigating Russia's interference in the 2016 election was said to be planning to interview two top U.S. intelligence officials about whether President Donald Trump sought their help to get the FBI to back off a related probe of former National Security Adviser Michael Flynn.

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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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Indices trade with small gains

Key benchmark indices were trading with small gains in afternoon trade as firmness in global stocks supported gains on the bourses. At 13:20 IST, the barometer index, the S&P BSE Sensex, was up 25.92 points or 0.08% at 31,101.65. The Nifty 50 index was up 11.70 points or 0.12% at 9,589.75.

Key benchmark indices were trading with small gains in afternoon trade as firmness in global stocks supported gains on the bourses. At 13:20 IST, the barometer index, the S&P Sensex, was up 25.92 points or 0.08% at 31,101.65. The 50 index was up 11.70 points or 0.12% at 9,589.75.

Domestic stocks nudged higher in early trade on positive Asian stocks but soon pared gains. Key indices once again regained strength in morning trade. Stocks hovered near the flat line with positive bias in afternoon trade after paring gains in mid-morning trade.

The S&P Mid-Cap index was up 0.19%. The S&P Small-Cap index was up 0.4%. Both these indices outperformed the

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,369 shares rose and 1,097 shares fell. A total of 149 shares were unchanged.

Auto stocks were mixed. Maruti Suzuki India (down 0.24%), Eicher Motors (down 0.25%), Hero MotoCorp (down 0.12%), and Bajaj Auto (down 0.01%) declined. Mahindra & Mahindra (M&M) (up 0.81%), Ashok Leyland (up 0.05%), and TVS Motor Company (up 1.32%) gained.

Tata Motors rose 1.32% after the company said that it is desirous of offering the eighth series of its rated, listed, unsecured, redeemable, noon convertible debentures (NCDs) aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted committee of the board on 21 June 2017. The announcement was made during market hours today, 16 June 2017.

The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors' resolution passed at its meeting held on 23 May 2017.

Capital goods stocks gained on renewed buying. Bharat Heavy Electricals (Bhel) (up 0.07%), Havells India (up 0.94%), ABB India (up 0.06%), Bharat Electronics (up 0.75%), BEML (up 2.28%), and Siemens (up 0.2%) gained. L&T declined 0.07%.

On the macroeconomic data front, merchandise exports have shown growth of 8.32% in dollar terms valued at $24014.62 million during May 2017 as compared to $22170.62 million during May 2016. Merchandise imports rose 33.09% and were valued at $37856.34 million during May 2017 from $28443.52 million in May 2016. The trade deficit for May 2017 was estimated at $13841.72 million as against the deficit of $6272.90 million during May 2016. The data was released by government after market hours yesterday, 15 June 2017.

Overseas, European stocks edged higher in early trade with auto stocks advancing after data showed new car sales in the European Union rose 7.6% in May, as most countries in the region returned to an increase following last month's decline.

Most Asian stocks rose as a number of technology stocks posted gains. US stocks fell for the fourth time in five days dragged lower by shares including Apple and Alphabet that tumbled on bearish analysts' reports.

The Bank of Japan (BOJ) left policy unchanged today, 16 June 2017, maintaining its aggressive monetary stimulus aimed at lifting inflation, which continues to show weakness despite brighter spots elsewhere in the economy. The BOJ board voted to keep its target for 10-year Japanese government bond yields at around zero and a shorter-term interest rate at minus 0.1%, as widely expected by economists. The bank also reiterated that it would continue to buy government bonds at an annual pace of about 80 trillion ($720 billion).

Meanwhile, Washington remained in focus as the special counsel investigating Russia's interference in the 2016 election was said to be planning to interview two top U.S. intelligence officials about whether President Donald Trump sought their help to get the FBI to back off a related probe of former National Security Adviser Michael Flynn.

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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Business Standard
177 22

Indices trade with small gains

Key benchmark indices were trading with small gains in afternoon trade as firmness in global stocks supported gains on the bourses. At 13:20 IST, the barometer index, the S&P Sensex, was up 25.92 points or 0.08% at 31,101.65. The 50 index was up 11.70 points or 0.12% at 9,589.75.

Domestic stocks nudged higher in early trade on positive Asian stocks but soon pared gains. Key indices once again regained strength in morning trade. Stocks hovered near the flat line with positive bias in afternoon trade after paring gains in mid-morning trade.

The S&P Mid-Cap index was up 0.19%. The S&P Small-Cap index was up 0.4%. Both these indices outperformed the

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,369 shares rose and 1,097 shares fell. A total of 149 shares were unchanged.

Auto stocks were mixed. Maruti Suzuki India (down 0.24%), Eicher Motors (down 0.25%), Hero MotoCorp (down 0.12%), and Bajaj Auto (down 0.01%) declined. Mahindra & Mahindra (M&M) (up 0.81%), Ashok Leyland (up 0.05%), and TVS Motor Company (up 1.32%) gained.

Tata Motors rose 1.32% after the company said that it is desirous of offering the eighth series of its rated, listed, unsecured, redeemable, noon convertible debentures (NCDs) aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted committee of the board on 21 June 2017. The announcement was made during market hours today, 16 June 2017.

The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors' resolution passed at its meeting held on 23 May 2017.

Capital goods stocks gained on renewed buying. Bharat Heavy Electricals (Bhel) (up 0.07%), Havells India (up 0.94%), ABB India (up 0.06%), Bharat Electronics (up 0.75%), BEML (up 2.28%), and Siemens (up 0.2%) gained. L&T declined 0.07%.

On the macroeconomic data front, merchandise exports have shown growth of 8.32% in dollar terms valued at $24014.62 million during May 2017 as compared to $22170.62 million during May 2016. Merchandise imports rose 33.09% and were valued at $37856.34 million during May 2017 from $28443.52 million in May 2016. The trade deficit for May 2017 was estimated at $13841.72 million as against the deficit of $6272.90 million during May 2016. The data was released by government after market hours yesterday, 15 June 2017.

Overseas, European stocks edged higher in early trade with auto stocks advancing after data showed new car sales in the European Union rose 7.6% in May, as most countries in the region returned to an increase following last month's decline.

Most Asian stocks rose as a number of technology stocks posted gains. US stocks fell for the fourth time in five days dragged lower by shares including Apple and Alphabet that tumbled on bearish analysts' reports.

The Bank of Japan (BOJ) left policy unchanged today, 16 June 2017, maintaining its aggressive monetary stimulus aimed at lifting inflation, which continues to show weakness despite brighter spots elsewhere in the economy. The BOJ board voted to keep its target for 10-year Japanese government bond yields at around zero and a shorter-term interest rate at minus 0.1%, as widely expected by economists. The bank also reiterated that it would continue to buy government bonds at an annual pace of about 80 trillion ($720 billion).

Meanwhile, Washington remained in focus as the special counsel investigating Russia's interference in the 2016 election was said to be planning to interview two top U.S. intelligence officials about whether President Donald Trump sought their help to get the FBI to back off a related probe of former National Security Adviser Michael Flynn.

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