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Market opens with small gains

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Key benchmark indices were trading with small gains in early trade. At 9:17 IST, the barometer index, the Sensex, was up 18.12 points or 0.05% at 33,898.37. The was up 12.45 points or 0.12% at 10,414.70.

Among secondary barometers,the Mid-Cap was up 0.09%. The Small-Cap was up 0.19%. Both these indices outperformed the Sensex.

The broad market depicted strength. There were almost two gainers against every loser on 579 shares rose and 292 shares fell. A total of 39 shares were unchanged.

Overseas, most Asian shares rose as investors sentiment improved after China's helped ease fears over a US-trade row. China's factory inflation slowed for a fifth month while the consumer price retreated from a four-year high. The price rose 3.1% in March from a year earlier, compared with 3.7% in February. The consumer price climbed 2.1%, the statistics bureau said Wednesday, versus 2.9% in February.

US stocks surged on Tuesday, 10 April 2018, thanks to a less-aggressive stance on trade taken by Chinese Xi's conciliatory comments on tariffs sent prices of risky assets such as global equities and commodities higher.

Chinese Xi said that plans to give foreign companies greater access to financial and He also talked about a cut in tariffs on and an improvement in protection of intellectual property, among other measures.

Back home, IT was up 0.70%. announced a strategic multi-year partnership with Infosys, that will accelerate provider (CSP) adoption of AXOS, its Software Defined Access (SDA) Platform. and will jointly invest to co-create new services and value-added offerings on the award winning AXOS platform. The announcement was made after market hours yesterday, 10 April 2018.

By reducing time-to-market for new AXOS capabilities and greatly broadening AXOS offerings, the partnership will enable service providers to accelerate deployments of next generation that will dramatically reduce their operating cost and enable them to deploy new services at a rapid pace.

Lemon Tree was down 0.67%. The company said that the company's wholly owned subsidiary Carnation has executed a Hotel Operating Agreement for operating and managing the property of 120 rooms at Vijayawada, under the company's brand The hotel is expected to be operational by March 2021. The announcement was made after market hours yesterday, 10 April 2018.

Himachal Futuristic Communications was up 2.41%. The company said that the company has bagged advance ourchase order for Rs 579 crore approx from (BSNL) for building 2G global system for mobile (GSM) base service set (BSS) network in The announcement was made after market hours yesterday, 10 April 2018.

was up 0.55%. The company said that the company alongwith its subsidiaries have received Rs 80.26 crore towards subsidies claim from the and this amount shall be utilized towards pre-payment of loans. The announcement was made after market hours yesterday, 10 April 2018.

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

First Published: Wed, April 11 2018. 09:18 IST
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