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Key indices trade near flat line

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Key benchmark indices traded in a narrow range near the flat line in early afternoon trade. At 12:15 IST, the barometer index, the Sensex, rose 44.27 points or 0.13% at 34,397.06. The 50 fell 2.75 points or 0.03% at 10,620.85.

Continuous foreign fund inflows and bets by investors amid optimism over Q3 FY 2018 earnings and upcoming budget helped the key indices to hit record highs in early trade amid initial volatility. Indices hovered with small gains till mid-morning trade.

Among secondary indices, the Mid-Cap fell 0.31%. The Small-Cap advanced 0.1%. Both these indices underperformed the

Overseas, Asian stocks were mixed as investors in the region digested earnings guidance from tech heavyweight and kept an eye on ongoing inter-talks.

North and have begun high-level talks, the first between the countries in two years. will reportedly send athletes and cheerleaders to next month's in South Korea, after the two countries held their first official talks for more than two years. The talks represent a cautious diplomatic breakthrough after months of rising tensions over Pyongyang's nuclear weapons programme. US called the talks a "big start", adding that it would be a "great thing for all of humanity" if they resulted in a positive outcome.

In the US, the and Nasdaq composite finished Monday's session at all-time highs as investors remained optimistic on the US

Back home, the breadth, indicating the overall health of the market, was almost flat. On the BSE, 1,367 shares rose and 1,376 shares declined. A total of 107 shares were unchanged.

Capital goods stocks were mixed. (up 4.15%), (up 1.53%), (up 1.12%), (up 0.39%) and (up 0.05%) edged higher. (down 1.46%), (down 1.29%), (down 1.05%) and BEML (down 0.46%) edged lower.

was down 0.5%. The company said it has successfully commissioned and handed over the state-of-the-art 360 MW Bheramara combined cycle power plant development project to North West Power Generation Company, a fully of Development Board, on 5 January 2018. After performance testing, the plant capacity has been declared as 410 MW by the customer, said in a statement. The announcement was made during market hours today, 9 January 2018.

IT stocks also witnessed a mixed trend. (up 2.55%), (up 0.33%), (up 0.15%) and (up 0.1%) gained. (down 1.1%), (down 0.98%) and TCS (down 0.4%) declined.

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

First Published: Tue, January 09 2018. 12:13 IST