Key benchmark indices were trading higher in early trade, tracking positive leads from Asian markets and overnight rally on the Wall Street. At 9:19 IST, the barometer index, the S&P BSE Sensex, was up 57.21 points or 0.17% at 33,850.59. The Nifty 50 index was up 19.90 points or 0.19% at 10,463.10.
Among secondary barometers,the BSE Mid-Cap index was up 0.26%. The BSE Small-Cap index was up 0.51%. Both these indices outperformed the Sensex.
The broad market depicted strength. There were more than four gainers against every loser on BSE. 1,124 shares rose and 270 shares fell. A total of 38 shares were unchanged.
Overseas, most Asian shares were trading higher as solid economic data from the United States and Germany reinforced investors' optimism while oil prices hovered at 2-1/2-year high with unrest in Iran stoking supply disruption concerns.
In US, stock-market indices advanced further into record territory, with the main benchmarks closing at fresh all-time highs. The S&P 500 rose 0.6%. The Dow Jones Industrial Average advanced 0.4%. The Nasdaq Composite Index rose 0.8%.
The minutes from the latest US Federal Reserve meeting showed a distinct lack of unity over the central bank's projection of three rate hikes in 2018. Some policymakers think three rate hikes would be too aggressive, while others think such a pace would be too slow.
US factory activity increased more than expected in December, boosted by a surge in new orders growth. In Germany, the unemployment rate hit a record low of 5.5% in December.
Back home, NBCC (India) was up 1.42%. The company has secured the total business of around Rs 314.77 crore in the month of December 2017 which includes construction of border fence and road along Indo-Bangladesh border in Meghalaya state amounting Rs 215.77 crore at a PMC fees of 7%. The announcement was made after market hours yesterday, 3 January 2018.
SJVN was up 12.17%. The company said that the meeting of board of directors of the company will be held on 8 January 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, 3 January 2018.
Aurionpro Solutions was up 12.21%. The company said that on 3 January 2018, Cyberinc, an Aurionpro subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on 31 January 2018. The announcement was made after market hours yesterday, 3 January 2018.
NIIT was up 0.32%. The company announced that it has acquired Eagle International Institute Inc. doing business as Eagle Productivity Solutions through its wholly owned subsidiary, NIIT (USA) Inc. The announcement was made before market hours today, 4 January 2018.
Healthcare Global Enterprises was up 1.32%. The company announced that it has entered into definitive agreements providing for a business combination of its Triesta Sciences business unit with Strand Life Sciences.
The business transfer agreement provides for the transfer by the company to Strand Life Sciences of the Triesta Sciences business unit, and the share subscription agreement provides for the issue of shares of Strand Life Sciences to the company in consideration thereof, resulting in the company acquiring 48.5% shareholding in Strand Life Sciences on a fully-diluted basis post the business combination. The announcement was made after market hours yesterday, 3 January 2018.
DCB Bank was up 0.39%. The bank said that the chairman and/or the managing director & CEO and/or the chief financial officer may consider the proposal to raise further fund by issue of debt securities including tier II Bonds, on private placement basis up to Rs 150 crore on or after 6 January 2018. The announcement was made after market hours yesterday, 3 January 2018.
The bank has necessary approvals from the board of directors and the shareholders to raise tier II capital by issue of debt securities including but not limited to tier II bonds upto Rs 450 crore by the bank in one or more tranches on private placement basis from time to time. The board, at its meeting held on 16 October 2017 had further delegated its authority to the Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer to do all the necessary acts and things, inter alia, to finalize and approve offer document, size of the issue, coupon rate, tenure, face value, opening and closing of the issue etc, pertaining to the Issue.
Allahabad Bank was down 1.73%. The bank said that the Reserve Bank of India has placed the bank under prompt corrective action framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017 and the report issued thereof. The announcement was made after market hours yesterday, 3 January 2018.
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