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Market opens higher

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Key benchmark indices were trading higher in early trade. At 9:21 IST, the barometer index, the S&P Sensex, was up 83.66 points or 0.26% at 32,680.84. The 50 index was up 20.50 points or 0.20% at 10,064.60.

Among secondary barometers,the Mid-Cap index was up 0.45%. The Small-Cap index was up 0.42%. Both these indices outperformed the

The broad market depicted strength. There were almost three gainers against every loser on 1,010 shares rose and 345 shares fell. A total of 47 shares were unchanged.

Overseas, most Asian shares declined as US policy uncertainty kept sentiment in check. US stocks ended mixed on Wednesday, as weakness in the energy sector spurred some minor selling that offset a recovery in the technology sector. The Dow Jones Industrial Average fell 0.16%. The S&P 500 fell 0.01%. The Nasdaq Composite Index rose 0.21%.

Back home, IDBI Bank was up 1.28%. The bank said that its board of directors, has approved sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank. The announcement was made after market hours yesterday, 6 December 2017.

BEML was down 0.57%. The company said it opened spare parts and warehouse office yesterday, 6 December 2017, at Pune, Maharashtra. BEML has established its office at Pune not only to enhance its presence in Maharashtra but also to reach the doorsteps of customers i.e., Indian Army. The announcement was made after market hours yesterday, 6 December 2017.

Hatsun Agro Product was up 2.28%. The company said that the board of directors of the company has considered and approved raising funds for the company by way of issue of securities to the existing equity shareholders of the company on a rights basis aggregating up to Rs 900 crore. The board of directors has also constituted a rights issue committee and authorised it to decide the terms and conditions of the rights issue including the nature of security, issue size, issue price, timing of the issue, rights entitlement ratio, record date and all other matters related and incidental to the rights issue in consultation with the lead manager to the rights issue. The announcement was made after market hours yesterday, 6 December 2017.

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

First Published: Thu, December 07 2017. 09:17 IST