You are here: Home » News-CM » Equities » Market Report
Business Standard

Key indices close with small gains

Capital Market 

The closed the volatile trading session with small gains on positive global cues. The barometer index, the advanced 88.90 points or 0.26% at 34,592.39, as per the provisional closing data. The 50 index rose 18.35 points or 0.17% at 10,669.55, as per the provisional closing data.

The and had hit record highs in early trade on the back of positive trading sentiment in Asian stocks fueled by strong lead from Wall Street. Also, expectations of recovery in domestic earnings in Q3 FY18 aided sentiment. Indices hovered with modest gains till mid-morning trade. Suddenly selling pressure emerged in afternoon trade after judges reportedly said working of was not in order. Indices bounced back to positive terrain to close the session with small gains.

Justice J Chelameswar, the second senior most in the Supreme Court, today, 12 January 2018, reportedly said the administration of the apex court is sometimes not in order and many less than desirable things have taken place. In an unprecedented move, Justice and three other senior judges today held a press conference on various issues relating to the apex court judiciary. Besides Justice Chelameswar, the other judges were Justices Ranjan Gogoi, M B Lokur and Unless this institution is preserved, democracy will not survive in this country, Justice reportedly said.

Among the secondary indices, the Mid-Cap index provisionally declined 0.17%. The Small-Cap index provisionally rose 0.05%. Both these indices underperformed the

The breadth, indicating the overall health of the market, was negative. On the BSE, 1,566 shares declined and 1,353 shares advanced. A total of 151 shares were unchanged.

The total turnover on BSE amounted to Rs 5371.37 crore, higher than turnover of Rs 5253.96 crore registered during the previous trading session.

Realty stocks slumped. (down 5%), (down 3.13%), (down 2.37%), Sobha (down 2.13%), Unitech (down 1.53%), HDIL (down 1.16%), (down 1.07%) and (down 1.24%) declined.

Estate was down 0.63%. The company through its wholly-owned subsidiary, Yashita Buildcon, has on 11 January 2018, entered into a binding and definitive agreement to acquire a prime and newly constructed commercial building, having leasable area of about 2.5 lakh sq ft in Gurugram. The deal is expected to get completed in 3 to 4 months when the Occupation Certificate of the building is expected to be received, the company said. The announcement was made after market hours yesterday, 11 January 2018.

dropped 0.69% at Rs 2,769.05. The company's consolidated net profit rose 1.31% to Rs 6545 crore on 1.18% growth in net sales to Rs 30904 crore in Q3 December 2017 over Q2 September 2017. The result was announced after market hours yesterday, 11 January 2018.

Separately, today, 12 January 2018, announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its and annuity business lines. The multi-year agreement is worth more than $2 billion in revenues, and is expected to be completed by the second quarter of 2018, the company said. The announcement was made before market hours today, 12 January 2018.

IT was up 0.32% at Rs 1,079. The company is scheduled to announce Q3 December 2017 results today, 12 January 2018.

lost 3.23%, with the stock declining on profit booking after declaring good Q3 result. The result was announced after market hours yesterday, 11 January 2018.

Shares of had witnessed a pre-result rally in anticipation of good Q3 result. The stock had gained 8.04% in five trading sessions to settle at Rs 19,511.95 yesterday, 11 January 2018, from its close of Rs 18,059.15 on 4 January 2018.

Shree Cement's net profit rose 41.6% to Rs 333.33 crore on 23.1% growth in net sales to Rs 2296.23 crore in Q3 December 2017 over Q3 December 2016.

On the macro front, the government is scheduled to announce industrial production data for November 2017 today, 12 January 2018. India's industrial production increased by 2.2% year-on-year in October, easing from an upwardly revised 4.1% gain in September.

The government will also announce today, 12 January 2018, inflation data based on consumer price index (CPI) for December 2017. Consumer prices increased 4.88% year-on-year in November, higher than 3.58% in October.

Overseas, European stocks edged higher amid earnings. Most Asian stocks closed higher after strong lead from Wall Street. reported trade data for December with exports up 10.9% and imports rising 4.5%, resulting in a trade surplus at $54.69 billion. reported a 7.9% jump in exports and 15.9% rise in imports both in dollar terms for 2017, the country's said today, 12 January 2018. China's overall trade surplus for 2017 was $422.5 billion.

US stocks surged to close the session at record highs yesterday, 11 January 2018 as investors bet economic growth would pick up steam.

Powered by Capital Market - Live News

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

First Published: Fri, January 12 2018. 15:32 IST