Key indices edge higher in early trade

Key benchmark indices edged higher in early trade tracking positive trading in Asian bourses. At 9:16 IST, the barometer index, the S&P BSE Sensex, was up 52.55 points or 0.15% at 34,135.26. The Nifty 50 index advanced 19.35 points or 0.18% at 10,496.05.

Among secondary indices, the S&P BSE Mid-Cap index rose 0.46%. The S&P BSE Small-Cap index advanced 0.64%. Both these indices outperformed the Sensex.

Overseas, most Asian stocks edged higher despite weaker finish on Wall Street. China's trade surplus shrank in January on huge imports surge, data released today, 8 February 2018 showed. Trade surplus for January, in Yuan terms, came in at CNY 135.80 billion.

US stocks declined yesterday, 7 February 2018, after trading in a wide range again, as interest rates climbed back toward multi-year highs.

Closer home, the breadth, indicating the overall health of the market, was strong. On the BSE, 920 shares advanced and 332 shares declined. A total of 50 shares were unchanged.

Aurobindo Pharma was down 0.08%. The company's consolidated net profit rose 2.8% to Rs 595.01 crore on 11% growth in net sales to Rs 4268.99 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 7 February 2018.

ACC fell 0.54%. The company is scheduled to announce Q4 December 2017 results today, 8 February 2018.

Bharat Heavy Electricals (Bhel) advanced 2.29% ahead of the company's Q3 December 2017 earnings today, 8 February 2018.

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