Key benchmark indices logged gains in early trade. At 9:31 IST, the barometer index, the S&P BSE Sensex, was up 32.39 points or 0.12% at 25,991.02. The Nifty 50 index was up 11.35 points or 0.14% at 7,895.15. The Sensex was trading below the psychological 26,000 mark after hitting an intraday high above that level at onset of day's trading session
The market breadth indicating the overall health of the market was strong. On BSE, 1,007 shares rose and 389 shares fell. A total of 88 shares were unchanged. The BSE Mid-Cap index was up 0.4%. The BSE Small-Cap index was up 0.44%. Both these indices outperformed the Sensex.
In overseas markets, Chinese stocks led decline in Asian stocks after data showed that industrial companies' earnings in China slid 4.6% in October. US stock markets were closed yesterday, 26 November 2015 for Thanksgiving Day holiday.
GAIL (India) fell 1.01%. GAIL (India) after market hours yesterday, 26 November 2015 said that the company in collaboration with National Remote Sensing Centre (NRSC), a unit of Indian Space Research Organization (ISRO), has launched an innovative surveillance geo-portal called Bhuvan-GAIL portal utilizing space technology for its pipeline application in order to address the pipeline security concerns. Pipeline securities is a major issue across the world and with recent progress in satellite sensing technology, availability of new high resolution satellites, object oriented image analysis, etc, there is a possibility to introduce space technology for pipeline monitoring applications, GAIL (India) said in a statement.
Tata Power Company rose 0.66% after the company announced after market hours yesterday, 26 November 2015, that it has launched 'Energy Efficient 5 Star Split AC New Purchase and Exchange Program' to allow consumers to exchange their inefficient electrical appliances for energy efficient appliances and motivate them to associate with and contribute to ensuring a greener and sustainable planet in a more integrated fashion. Under this scheme, Tata Power consumers may purchase a new BEE 5-star rated split AC or exchange their non-star ACs for BEE 5-star rated split ACs and avail a discount of up to 50% on MRP for various models of branded ACs up to 1 ton, 1.5 ton capacity. Initiated by Tata Power Company in partnership with Godrej, the program offers attractive discounts, newer advanced AC models and energy efficient invertor technology-based AC models. The offer price of the energy efficient 5 Star Split AC Program includes machine cost, taxes, duties, standard installation charges and buyback of an old AC, which will be scrapped in an eco-friendly manner, the company added.
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