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Market drifts higher in early trade

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Domestic stocks nudged higher in early trade on positive Asian stocks. At 9:28 IST, the barometer index, the Sensex, was up 126.68 points or 0.35% at 36,675.09. The index was up 27.90 points or 0.25% at 11,051.10.

The Mid-Cap index was down 0.03%. The Small-Cap index was down 0.13%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 662 shares rose and 635 shares fell. A total of 43 shares were unchanged.

Overseas, Asian stocks rose as refrained from detailing retaliation plans against threatened US tariff increases. US stocks rallied yesterday, 12 July 2018 as trade tensions appeared to ease after held off from immediately retaliating against the latest US salvo.

Back home, rose 1.14% ahead of its Q1 June 2018 result today, 13 July 2018.

fell 1.51% to Rs 990.10 after the company said its board approved buyback of up to 3.64 crore shares (2.61% stake) worth Rs 4000 crore at Rs 1,100 each. The announcement was made after market hours yesterday, 12 July 2018.

rose 0.35% after the company said that the board of its wholly owned step-down subsidiary, USA, approved the proposed setting up of new facilities at Chennai (India) and for manufacturing exterior lighting components. The announcement was made after market hours yesterday, 12 July 2018.

lost 1.19%. said it proposes to sell its including divestments of its stake in joint ventures, associates, selling some of the immovable properties owned by the The announcement was made after market hours yesterday, 12 July 2018.

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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. 09:36 IST
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