Key benchmark indices drifted higher in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 53.82 points or 0.16% at 34,555.09. The Nifty 50 index was up 16.05 points or 0.15% at 10,586.60.
The S&P BSE Mid-Cap index was up 0.29%. The S&P BSE Small-Cap index was up 0.36%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 817 shares rose and 570 shares fell. A total of 38 shares were unchanged.
Overseas, Asian markets were trading on a mixed note. In US, the Dow Jones industrial average closed higher for the first time in six sessions on Wednesday, recovering from sharp losses seen earlier in the day, as Boeing soared on strong earnings.
The Dow closed at 24,083.83, up 59.70 points. The S&P 500 also erased earlier losses, closing 0.2% higher at 2,639.40. The Nasdaq composite, meanwhile, slipped 0.1% to 7,003.74.
Back home, M&M (up 1.02%), RIL (up 0.92%) and TCS (up 0.86%) edged higher from the Sensex pack.
Wipro lost 3.74% to Rs 276.45 after consolidated net profit fell 6.69% to Rs 1800.80 crore on 0.04% rise in total income to Rs 14304.60 crore in Q4 March 2018 over Q3 December 2017. The result was announced after market hours yesterday, 25 April 2018.
Wipro's board of directors considered and approved a scheme of amalgamation (Scheme) providing for the merger of its wholly owned subsidiaries, Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirio India Cloud Solutions (Transferor Companies) with Wipro (Transferee Company).
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