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Positive market breadth

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Key benchmark indices were trading with small gains in morning trade as buying in IT stocks was offset by selling pressure in At 10:30 IST, the barometer index, the Sensex, was up 54.58 points or 0.16% at 33,995.02. The index was up 3.80 points or 0.04% at 10,420.95. The Sensex pared gains after briefly crossing the 34,000 mark.

The Sensex rose 91.74 points, or 0.27% at the day's high of 34,032.18 in morning trade, its highest intraday level since 13 March 2018. The index fell 15.56 points, or 0.05% at the day's low of 33,924.88 in early trade. The Nifty rose 13.10 points, or 0.13% at the day's high of 10,430.25 in morning trade, its highest intraday level since 13 March 2018. The index fell 21.90 points, or 0.21% at the day's low of 10,395.25 in early trade.

Among secondary barometers, the Mid-Cap index was up 0.08%, underperforming the Sensex. The Small-Cap index was up 0.17%, outperforming the Sensex.

The market breadth, indicating the overall health of the market, turned positive from negative. On BSE, 1081 shares rose and 984 shares fell. A total of 87 shares were unchanged.

IT shares were in demand. TCS (up 2.63%), (up 2.29%), (up 2.26%), (up 1.76%), (up 1.55%), (up 1.53%), (up 1.43%), (up 1.10%) and (up 0.74%), edged higher.

IT was up 2.22%. announces its Q4 results on Friday, 13 April 2018.

Most declined. (down 1.91%), (down 1.12%), Lupin (down 1.11%), (down 1.1%), (down 0.99%), (down 0.69%), (down 0.46%), (down 0.44%), (down 0.44%), (down 0.36%) and (down 0.1%), edged lower. (up 0.6%), Cadila Healthcare (up 0.67%) and (up 2.29%), edged higher.

Overseas, Asian shares declined after tensions and hawkish statements from the dented investors' sentiment. US stocks declined on Wednesday, as worries about geopolitical developments deflated the buying mood on Wall Street. An early morning tweet by implied the possibility of a military strike in and set the downbeat tone for the session.

Trump's tweet that should "get ready" for a potential strike on came after a over the weekend on a rebel-held town in the eastern Ghouta region of Syria. The newfound focus on geopolitics took the focus off a trade spat between the US and

Investors also digested the release of minutes from the Federal Open Market Committee's (FOMC) March meeting, which reflected that all policymakers expected the US economy to continue growing and for inflation to rise. Those views strengthened the belief that more interest rate hikes lay ahead.

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

First Published: Thu, April 12 2018. 10:35 IST