Key benchmark indices were trading higher in early trade. At 9:29 IST, the barometer index, the S&P BSE Sensex, was up 89.18 points or 0.28% at 31,936.07. The Nifty 50 index was up 29 points or 0.29% at 10,017.75. The Nifty crossed the psychologically important 10,000 mark in early trade.
The broad market depicted strength. There were more than two gainers against every loser on BSE. 1,459 shares rose and 563 shares fell. A total of 78 shares were unchanged.
Overseas, most Asian stocks were trading higher as Japan and South Korea reopened for trading after holiday. Taiwan was shut for public holiday.
US equities were lower at the close on Monday, as losses in the healthcare, consumer services and consumer goods sectors dragged shares lower. The Dow Jones Industrial Average declined 0.06%, while the S&P 500 index declined 0.18%, and the Nasdaq Composite index lost 0.16%.
IT major Infosys was up 0.91%. The company has set 1 November 2017 as the record date for its share buyback programme. The announcement was made after market hours yesterday, 9 October 2017.
NMDC was up 0.58%. The company reported iron ore production of 15.65 million tonnes in September 2017. The company reported iron ore sales of 17.61 million tonnes in September 2017. The announcement was made after market hours yesterday, 9 October 2017.
Lupin was up 2.33%. The company announced that it has received final approval for its Nadolol Tablets USP, 20mg, 40 mg and 80 mg from the United States Food and Drug Administration (USFDA) to market a generic version of US WorldMeds LLC's Corgard Tablets, 20 mg, 40 mg and 80 mg. The announcement was made after market hours yesterday, 9 October 2017.
The drug is indicated for management of patients with angina pectoris and for the treatment of hypertension. Nadolol Tablets USP, 20mg, 40 mg and 80 mg Tablets had annual US sales of around $109.8 million as per IMS MAT June 2017.
Yes Bank was up 0.63%. The bank said that the capital raising committee of the board would consider the proposal to raise funds by issuing debt securities in the nature of non-convertible, perpetual, subordinated, unsecured BASEL III compliant additional tier I bonds on private placement basis on or after 12 October 2017. The announcement was made after market hours yesterday, 9 October 2017.
Piramal Enterprises was up 0.85%. The company said that the meeting of the board of directors will be held on 12 October 2017 to consider various fund raising options of the company and pricing of any securities to be allotted by the company. It will also consider scheme of amalgamation of wholly owned subsidiaries of the company, Piramal Finance and Piramal Capital with Piramal Housing Finance, wholly owned subsidiary of Piramal Finance. The announcement was made after market hours yesterday, 9 October 2017.
Ujjivan Financial Services was down 1.25%. The company said that the Reserve Bank of India has communicated its approval for the conversion of the company from NBFC-MFI to NBFC-non deposit taking systematically important core investment company. The announcement was made after market hours yesterday, 9 October 2017.
Idea Cellular was up 0.20%. The company has clarified after market hours yesterday, 9 October 2017, with regards to news of massive data breach hits 6,000 Indian organizations including government offices, banks that the company has not identified any data breach.
Mercator was up 0.52%. The company said that it has sold its vessel Prem Poorva for total consideration of Rs 24.7 crore to Natalia Shipping and proceeds would be used to repay the debts. The deal was concluded on 9 October 2017. The buyer does not belong to promoter/ promoters group/group companies. The announcement was made after market hours yesterday, 9 October 2017.
PC Jeweller was down 0.95%. The company announced signing of bollywood superstars Akshay Kumar and his wife Twinkle Khanna as brand ambassadors. The announcement was made after market hours yesterday, 9 October 2017.
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