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Indices regain strength

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Stocks once again regained strength in early afternoon trade amid At 12:18 IST, the barometer index, the Sensex, was up 86.12 points or 0.24% at 36,634.53. The index was up 14 points or 0.13% at 11,037.20. Most capital goods stocks fell. Realty stocks declined.

Today's trading session saw high intraday Domestic stocks nudged higher in early trade on positive Asian stocks. The Sensex trimmed gains soon after scaling a record high while the Nifty sank in negative zone in morning trade. continued as the Sensex regained positive zone while the Nifty cut losses in mid-morning trade.

The Mid-Cap index was down 0.53%. The Small-Cap index was down 1.04%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 693 shares rose and 1601 shares fell. A total of 121 shares were unchanged.

Most capital goods stocks fell. (down 1.41%), (Bhel) (down 2.09%), BEML (down 1.4%), (down 1.81%), (down 1.3%) and (down 1.25%) declined. (up 0.9%) rose.

rose 0.17%. Construction said that the company's Buildings & Factories Business has won orders valued Rs 3000 crore. The announcement was made during market hours today, 13 July 2018.

Realty stocks declined. Estate (down 3.37%), Housing Development and Infrastructure (down 3.02%), (down 3.92%), (down 0.77%), Unitech (down 0.48%), Sobha (down 3.49%) and (down 1.38%) fell. (up 0.55%) and (up 0.33%) rose.

On the macro front, government data released after market hours yesterday, 12 July 2018 showed that India's factory output growth slowed to a seven-month low in May while retail quickened to a five-month high in June.

India's industrial production (base year 2011-12=100) grew at 3.2% in May 2018 over May 2017, while showing moderation in growth from a revised 4.8% increase in the previous month. The manufacturing sector's production growth decelerated to 2.8%, causing dip in overall industrial production growth in May 2018. On the other hand, the output has improved at higher pace of 5.7% and generation output growth also accelerated 4.2% in May 2018.

The all-general CPI increased 5% in June 2018 (new base 2012=100), compared with 4.87% in May 2018. The corresponding provisional rate for rural area was 5% and urban area 4.85% in June 2018 as against 4.88% and 4.72% in May 2018. The core CPI inflation increased to 6.35% in June 2018 compared with 6.12% in May 2018.

Overseas, most Asian stocks rose as refrained from detailing retaliation plans against threatened US tariff increases. The US and reportedly signaled they were open to resuming negotiations over trade after days of exchanging retaliatory threats.

China's trade surplus narrowed to 901.32 billion yuan ($135.4 billion) in the first half of the year, down 26.7% from the same period a year earlier, data showed Friday. In January-June period, China's exports rose 4.9% from a year ago in yuan terms, and imports expanded 11.5% in yuan terms.

US stocks closed solidly higher yesterday, 12 July 2018 with the Index ending at a record on the back of a rally in internet and technology giants, which helped to overshadow ongoing uncertainty over trade relations between the US and

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

First Published: Fri, July 13 2018. 12:32 IST