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Market hits fresh intraday high

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Key benchmarks extended gains and hit fresh intraday high in morning trade. At 10:19 IST, the barometer index, the Sensex, was up 340.85 points or 0.99% at 34,640.32. The was up 111.70 points or 1.08% at 10,412.75.

Among secondary barometers, the Mid-Cap was up 2.45%. The Small-Cap was up 2.11%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1595 shares rose and 455 shares fell. A total of 82 shares were unchanged.

were in demand. (up 3.75%), Vedanta (up 2.71%), NMDC (up 2.61%), (up 2.06%), Steel Authority of (up 1.97%), (up 1.01%), (up 0.98%), (up 0.91%) and (up 0.61%), edged higher.

(Nalco) was up 6.15% after the company said that its board will meet on 12 October 2018 to consider the proposal for buyback of the fully paid-up equity shares of the company. The announcement was made after market hours yesterday, 9 October 2018.

Most FMCG shares rose. (up 3.98%), (up 3.11%), (up 1.79%), (up 1.57%), (up 1.50%), (up 0.96%), Nestle (up 0.73%), (up 0.66%), (up 0.66%) and (up 0.04%), edged higher. (down 0.09%) and (down 1.17%), edged lower.

Overseas, Asian shares were mixed on Wednesday after a mixed finish on Wall Street overnight. US stocks closed mostly lower Tuesday after a volatile session as investors continued to fret over the implication of higher bond yields on equities. The Nasdaq, however, snapped a three-day losing streak in line with a rebound in

US said Tuesday that he did not like the Federal Reserve's decision to continue hiking interest rates. The last raised its benchmark interest rate by a quarter point in September, while raising its expectations for economic growth for this year and next.

On the US data front, the small-business optimism index fell 0.9 point in September, falling from a 45-year high to a seasonally adjusted level of 108.8.

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

First Published: Wed, October 10 2018. 10:21 IST