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Negative market breadth

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Key benchmark indices continued range bound trading in afternoon trade. At 13:17 IST, the barometer index, the Sensex, rose 49.96 points or 0.15% at 34,402.75. The 50 was down 0.20 points at 10,623.40.

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 0.40%. The Small-Cap fell 0.03%. Both these indices underperformed the

The breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 1,534 shares fell and 1,292 shares rose. A total of 116 shares were unchanged.

Most declined. (down 2.97%), (down 1.49%), (down 1.31%), (down 1.06%), (down 1.01%), (down 0.94%), (down 0.63%), (down 0.32%) and (down 0.04%), edged lower. (up 0.02%), (up 0.09%), (up 0.32%), Lupin (up 0.34%) and (up 0.49%), edged higher.

FMCG shares declined. (down 1.6%), (down 1.16%), (down 0.87%), (down 0.72%), (down 0.63%), Hindustan (down 0.41%), Godrej Consumer Products (down 0.39%), (down 0.12%), (down 0.12%) and (down 0.02%), edged lower. (up 0.11%) and (up 1.82%), edged higher.

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

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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. 13:14 IST
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