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Benchmarks trade with small losses

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Key benchmark indices were trading with small losses in early trade. At 9:26 IST, the barometer index, the S&P BSE Sensex, was down 18.50 points or 0.05% at 36,089.97. The Nifty 50 index was down 3.50 points or 0.03% at 10,828.

Among secondary barometers,the BSE Mid-Cap index was up 0.07%. The BSE Small-Cap index was up 0.09%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 621 shares rose and 491 shares fell. A total of 52 shares were unchanged.

Overseas, Asia shares were mixed on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing US-China trade fight.

US stocks closed higher on Wednesday as upbeat earnings from corporate heavyweights helped to assuage lingering worries over global growth and US-China trade tensions.

Meanwhile, the Senate was poised to vote Thursday on dueling proposals to reopen the government. A partial shutdown entered its 33rd day on Wednesday.

Back home, Bharti Infratel was up 0.56%. The company's consolidated net profit rose 10.76% to Rs 648.40 crore on 3.03% fall in total income to Rs 1977.20 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 23 January 2019.

Pidilite Industries was down 3.35%. The company's consolidated net profit fell 8.49% to Rs 219.47 crore on 20.2% rise in total income to Rs 1880.44 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 23 January 2019.

United Spirits was down 0.92%. The company's net profit rose 42.84% to Rs 192.40 crore on 14.99% rise in total income to Rs 2629.70 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 23 January 2019.

Interglobe Aviation was up 0.71%. The company's net profit dropped 74.95% to Rs 190.89 crore on 28.4% rise in total income to Rs 8229.37 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 23 January 2019.

Apollo Micro Systems was up 3.08%. The company has bagged a supply order from Bharat Dynamics worth Rs 12.99 crore. The announcement was made after market hours yesterday, 23 January 2019.

Meanwhile, the President of India, as advised by the Prime Minister, hereby directed that during the period of indisposition of Arun Jaitley, minister; the portfolios of Minister of Finance and Minister of Corporate Affairs held by him, be temporarily assigned to Piyush Goyal, in addition to his existing portfolios. Further, as advised by the Prime Minister, Arun Jaitley be designated as minister without portfolio during the period of his indisposition or till such time he is able to resume his work as Minister of Finance and Minister of Corporate Affairs, President's Secretariat said in a press communiqu

Media reports suggested that Goyal, who already holds the charge of the Ministry of Railways, is now expected to present the last budget of his government's five-year tenure. The budget, likely to be presented on 1 February 2019, will be an interim one as elections are due later this year.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 24 2019. 09:24 IST
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