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Indices clock strong gains on upbeat global cues

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Key benchmark indices logged strong gains in a steady session of trade. The barometer index, the Sensex, advanced 276.86 points or 0.78% at 35,934.72. The index gained 80.25 points or 0.74% at 10,852.90. Shares of index heavyweight gained. However, shares of software TCS dropped. Upbeat global stocks boosted sentiment on the domestic bourses.

Trading for the week began on a firm note as key benchmark indices saw gap-up opening on positive Asian stocks. Stocks trimmed gains in morning trade after an initial upmove. Fresh buying in index pivotals propelled the key benchmark indices near day's high in early afternoon trade. Key benchmark indices were trading firm in afternoon trade. Stocks extended gains and hit fresh intraday high in mid-afternoon trade. Indices held firm in late trade.

The Mid-Cap index rose 1.23%. The Small-Cap index rose 1.58%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1707 shares rose and 913 shares fell. A total of 161 shares were unchanged.

(up 3.1%), (up 3.11%) and Yes (up 2.7%) edged higher from the Sensex pack.

Index heavyweight gained 1.96% to Rs 995.65.

Software TCS dropped 1.34% to Rs 1,887.65.

rose 0.81%. Tata Motors's unit reported total of 52,049 vehicles in June 2018, up 0.9% year on year, primarily reflecting the introduction of the Velar and the Jaguar E-PACE. Jaguar were up 6.4% in June to 16,328 thanks to the introduction of the E-PACE, partially offset by lower sales of F-PACE and other models. retailed 35,721 vehicles in June, down 1.5% year on year as the introduction of Velar and increased sales of the refreshed Sport were offset by lower sales of Evoque, Discovery Sport and other models. The announcement was made during market hours today, 9 July 2018.

rose 0.34%. said that for June were up year-on-year in overseas markets (16.7%), in (7.4%) and in the UK (0.9%) was down 9.5% as the reduction in import duties on passenger vehicles, starting 1 July, continued to result in deferred purchases as well as increased incentives in advance of the 1 July effective date. was also down slightly(-3.8%). The announcement was made during market hours today, 9 July 2018.

The bank's advances aggregated approximately Rs 7085 billion as of 30 June 2018 as compared to Rs 5810 billion as of 30 June 2017 and Rs 6583 billion as of 31 March 31, 2018. The bank's deposit aggregated approximately Rs 8060 billion as of 30 June 2018 as compared to Rs 6714 billion as of 30 June 2017 and Rs 7888 billion as of 31 March 2018.

The bank's CASA ratio stood at around 41% as compared to 44% as of 30 June 2017 and 43.5% as of 31 March 2018. During the quarter ended 30 June 2018, the bank purchased loans aggregating Rs 97 billion through the direct assignment route under the home loan arrangement with

Overseas, shares in and gained as investors set aside concerns about escalating trade tensions to prepare for the latest earnings season after signs of continued economic strength.

In Europe, investors reacted to news that the UK's has resigned from his post after disagreements with the rest of the and in particular the reached a compromise Friday to go ahead with a plan that would mean the country had the closest possible ties with the EU. May is due to address the on Monday.

Meanwhile, in Germany, data showed exports rising in May, widening the trade surplus, despite ongoing trade frictions with the

US stocks closed solidly higher on Friday, 6 July 2018, after a read on the labor market came in stronger than expected, supporting the thesis that economic fundamentals remain healthy despite trade-war anxieties.

On the economic data front, the US created 213,000 new jobs in June, while the readings for May and April were also revised higher. Separately, the unemployment rate rose to 4% from 3.8%. Meanwhile, the nation's trade deficit shrank 6.6% in May to a 19-month low.

On the political front, the officially imposed tariffs on $34 billion of Chinese imports at midnight Eastern Time, and implemented tariffs on the same value in US goods, as promised.

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

First Published: Mon, July 09 2018. 15:47 IST
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