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Retail sector shares in demand

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Key benchmark indices were trading in a narrow range in negative terrain in afternoon trade. At 13:20 IST, the barometer index, the Sensex, fell 67.64 points or 0.20% at 34,375.55. The 50 declined 22.20 points or 0.21% at 10,614.80.

The had hit a record high in early trade. Later, the movement of key indices was confined to a narrow range around the flat line till mid-morning trade before extending losses amid weakness in Asian stocks. Key indices pared losses and were hovering in narrow range in negative terrain in afternoon trade.

Among secondary indices, the Mid-Cap fell 0.46%. The Small-Cap also dropped 0.25%. Both these indices underperformed the

Back home, the breadth, indicating the overall health of the market, was negative. On the BSE, 1,629 declined and 1,177 advanced. A total of 122 were unchanged.

stocks were in demand as investors' sentiment towards the sector improved after sugggested that the today, 10 January 2018, approved 100% foreign direct investment (FDI) through automatic route in single-brand (up 5.53%), (India) (up 4.93%),V-Mart (up 3.94%), V2 Retail (up 3.34%), (up 3.14%), Trent (up 2.09%) and Future Retail (up 0.38%), edged higher.

Most declined. (down 1.41%), (down 1.08%), (down 0.49%), (down 0.44%), Lupin (down 0.28%), (down 0.26%), (down 0.22%), (down 0.18%), (down 0.17%), (down 0.15%) and (down 0.07%), edged lower. (up 0.68%), (up 0.85%) and (up 2.87%), edged higher.

Overseas, Asian stocks were mixed as investors booked profits in shares while hit three-year highs due to production cuts and a fall in inventories. US equities rose to record highs yesterday, 9 January 2018 as investors remained optimistic about the market heading into the corporate earnings season.

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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, January 10 2018. 13:17 IST