Sensex, Nifty trade with small gains

Key benchmark indices were trading higher in early trade. At 9:22 IST, the barometer index, the S&P BSE Sensex, was up 65.31 points or 0.18% at 36,416.54. The Nifty 50 index was up 1.05 points or 0.01% at 10,958.15.

The Lok Sabha will take up the debate on the no-confidence motion against the Narendra Modi government, brought by the Telugu Desam Party, later today, 20 July 2018. The Lok Sabha proceedings will start at 11:00 IST.

Among secondary barometers,the BSE Mid-Cap index was down 0.06%. The BSE Small-Cap index was down 0.13%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 405 shares rose and 612 shares fell. A total of 41 shares were unchanged.

Overseas, Asian shares were mixed, tracking overnight slide in the US market amid US President Donald Trump's criticism of the Federal Reserve, while the yuan weakened further.

US stocks slipped on Thursday as earnings season rolled on, with investors digesting comments from Trump on the Fed. Trump told the media on Thursday that he was not "thrilled" that the Federal Reserve was hiking interest rates. Worries about a potential trade war also weighted on investor sentiment after Trump threatened "tremendous retribution" against the European Union on Wednesday, specifically mentioning auto tariffs, if his meeting with EU officials next week does not yield what he considers a fair auto trade deal.

On the US data front, initial jobless claims fell by 8,000 last week. Separately, the Philly Fed manufacturing index rose 6 points to a reading of 25.7 in July.

Back home, ABB India was up 1.45%. The company's consolidated net profit rose 36.09% to Rs 102.15 crore on 20.76% rise in total income to Rs 2736.28 crore in Q2 June 2018 over Q2 June 2017. The announcement was made after market hours yesterday, 19 July 2018.

Bajaj Finserv was up 0.60%. The company's consolidated net profit rose 49.38% to Rs 1328.52 crore on 16.4% rise in total income to Rs 8771.21 crore in Q1 June 2018 over Q1 June 2017. The announcement was made after market hours yesterday, 19 July 2018.

Alembic Pharmaceuticals was up 2.29%. The company said that the company has received Establishment Inspection Report (EIR) from United States Food and Drug Administration (US FDA) for the inspection carried out by them at our API Facility at Karakhadi during the period from 14 May 2018 to 18 May 2018. With this, all manufacturing facilities for international markets are FDA compliant. The announcement was made after market hours yesterday, 19 July 2018.

IRB Infrastructure Developers was down 0.45%. The company said that meeting of the board of directors of the company will be held on 25 July 2018 to consider raising of funds by issue of securities including but not limited to Equity Shares, American Depository Receipts/Global Depository Receipts / Foreign Currency Convertible Bonds (FCCBs) and /or non-convertible debentures along with warrants ('NCDs and Warrants') and/or any securities convertible into Equity Shares through public and/or private offerings and/or on preferential allotment basis, including to qualified institutional buyers by way of Qualified Institutions Placement ('QIP'). The announcement was made after market hours yesterday, 19 July 2018.

Gujarat Sidhee Cement was down 3.08%. The company said that it has halted operations of Kiln and upstream equipment in cement factory due to heavy rainfall in entire Gir Somnath district.

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