Market jumps on positive global cues

Key benchmark indices were trading higher in early trade tracking positive leads from Asian markets and overnight gains on the Wall Street. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 164.97 points or 0.50% at 33,383.78. The Nifty 50 index was up 48.05 points or 0.47% at 10,351.20.

Among secondary barometers,the BSE Mid-Cap index was up 0.96%. The BSE Small-Cap index was up 0.82%. Both these indices outperformed the Sensex.

The broad market depicted strength. There were more than four gainers against every loser on BSE. 1047 shares rose and 260 shares fell. A total of 48 shares were unchanged.

Overseas, most Asian stocks were trading higher following decent gains on Wall Street. US stocks ended higher on Wednesday as investors awaited updates on efforts to pass tax reform in Washington and as President Donald Trump toured Asia, highlighting lingering tensions with North Korea in a speech. The Dow Jones Industrial Average rose 0.03%, the S&P 500 index rose 0.14%, and the tech-oriented Nasdaq Composite Index advanced 0.32%.

Back home, IT major TCS was up 0.25%. The company and Cisco have deployed the Cisco' Application Centric Infrastructure (Cisco ACITM) architecture for the TCS Enterprise Cloud Platform. The announcement was made before market hours today, 9 November 2017.

ICICI Bank was up 0.72%. The bank said that the committee of executive directors of the bank at its meeting approved the proposal for domestic fund raising by way of issuance of senior unsecured long term bonds/Basel III compliant unsecured subordinated perpetual additional Tier 1 bonds in single/multiple tranches on private placement basis. The announcement was made after market hours yesterday, 8 November 2017.

Bharti Airtel was up 1.57%. The company announced enhanced benefits on select postpaid plans for its customers. The announcement was made after market hours yesterday, 8 November 2017.

Info Edge (India) was down 0.14%. The company's announced that the company has invested through its wholly-owned subsidiary about Rs 5.66 crore in Nopaperforms Solutions. The announcement was made after market hours yesterday, 8 November 2017.

Separately, company said that the company has invested, through its wholly-owned subsidiary, about Rs 5 crore in Happily Unmarried Marketing

Balkrishna Industries was up 1.31%. The company's net profit fell 16.4% to Rs 202.98 crore on 17.9% rise in net sales to Rs 1114.45 crore in Q2 September 2017 over Q2 September 2016.

Balkrishna Industries' board recommended 1:1 bonus issue. The announcement was made after market hours yesterday, 8 November 2017.

Hinduja Global Solutions was up 8.49%. The company's consolidated net profit rose 28.6% to Rs 53.4 crore on 1.7% rise in operating revenues to Rs 942.6 crore in Q2 September 2017 over Q1 June 2017. The announcement was made after market hours yesterday, 8 November 2017.

Pidilite Industries was up 2.85%. The company's consolidated net profit rose 9.4% to Rs 252.92 crore on 7.9% increase in net sales to Rs 1529.87 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 8 November 2017.

On the political front, polling began at 8:00 IST in Himachal Pradesh's 68 assembly constituencies. Results will be announced 40 days later on 18 December 2017, along with those for Gujarat, which votes next month. While the BJP has named Prem Kumar Dhumal as its chief ministerial candidate, the Congress is banking on Virbhadra Singh to retain power in the state.

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