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Realty stocks gain

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Key indices hovered with modest gains in mid-morning trade. At 11:24 IST, the barometer index, the BSE Sensex, was up 101.95 points or 0.28% at 36,255.57. The was up 28.15 points or 0.26% at 10,859.55. Realty stocks rose.

Domestic stocks edged higher in early trade boosted by improved industrial production data for December. Stocks trimmed gains in morning trade.

On the macro front, India's industrial production (base year 2011-12=100) increased at improved pace of 2.4% in December 2018, compared with 0.3% growth recorded in November 2018. The industrial production growth for November 2018 has been revised downwards from 0.5% increase reported provisionally. The data was released by government after market hours yesterday, 12 February 2019.

The all-general CPI eased to 2.05% in January 2019 (new base 2012=100), compared with 2.11% in December 2018. The corresponding provisional rate for rural area was 1.29% and urban area 2.91% in January 2019 as against 1.50% and 2.91% in December 2018. The core CPI eased to 5.36% in January 2019 compared with 5.66% in December 2018. The data was released by government after market hours yesterday, 12 February 2019.

The BSE Mid-Cap was up 0.15%. The BSE Small-Cap was up 0.12%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1041 shares rose and 1027 shares fell. A total of 114 shares were unchanged.

Realty stocks rose. Estate (up 1.5%), (up 0.22%), Housing Development and Infrastructure (up 1.99%), (up 4.83%), Sobha (up 2.94%), (up 3%), (down 0.75%) and (up 2.47%) gained.

rose 0.53%. announced after trading hours yesterday, 12 February 2019, that during the financial year 2019-20, it is expected to commence assembly of for DMG Mori Co., and supply the same to DMG Mori Based on the orders placed by DMG Mori India, the assembly of will happen at the company's existing machine tool division facility located in It is further informed that this activity will not involve any capital expenditure.

Overseas, Asian stocks nudged higher on Wednesday, lifted by optimism that the and might be able to hammer out a deal to resolve their nearly year-long trade dispute. US stock indexes closed at their highest levels for 2019 on Tuesday after lawmakers reached a tentative deal to prevent a government shutdown and as optimism grew over a potential trade deal between the U.S. and

Democratic and Republican lawmakers reached a deal late Monday to avert another government closure after GOP negotiators agreed to a border-security deal that will involve far less money for an extension of the border wall than has been demanding.

Bilateral trade negotiations entered a second day in Beijing, with and U.S. Trade due to arrive Thursday for more high-level discussions.

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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, February 13 2019. 11:29 IST
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