Key benchmark indices were trading almost flat in early trade. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 4.34 points or 0.01% at 36,144.32. The Nifty 50 index was down 7.45 points or 0.07% at 11,076.25.
Among secondary barometers,the BSE Mid-Cap index was down 0.01%. The BSE Small-Cap index was down 0.20%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On BSE, 802 shares fell and 584 shares rose. A total of 68 shares were unchanged.
Overseas, Asian shares were mixed on profit booking after recent gains. US stocks closed mixed on Tuesday, with market focus shifting from politics to corporate earnings after a government shutdown came to an end on Monday. The Dow Jones Industrial Average slipped 0.1%. The S&P 500 index climbed 0.2%. The Nasdaq Composite Index rose 0.7%.
IT major Wipro was up 0.71%. The company announced that it has won a multi-year business process services engagement with Nilfisk, a leading global supplier of professional cleaning equipment and solutions, headquartered in Denmark. As part of this contract, which was signed in June 2017, Wipro will leverage its global delivery network to implement business process services for Nilfisk in the areas of finance and accounting, marketing services as well as select IT services in 45+ client locations, across the world. The announcement was made after market hours yesterday, 23 January 2018.
Indiabulls Housing Finance was up 1.45%. The company's consolidated net profit jumped 55.4% to Rs 1167.73 crore on 36.7% growth in total income to Rs 4105.66 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 23 January 2018.
The company's board declared interim dividend of Rs 14 per share for FY 2018. The record date for dividend payment is 3 February 2018.
The board has also authorised the company to issue secured non-convertible debentures and unsecured non-convertible debentures, in the nature of subordinate debt, upto Rs 25000 crore and Rs 3000 crore respectively, on private placement basis, in one or more tranches, from time to time.
ONGC was up 0.89%. The company said it has entered into loan agreements with three banks viz. Punjab National Bank, Bank of India and Axis Bank for an aggregate loan amount of Rs 18060 crore for part funding acquisition cost of Rs 36915 crore of the equity shares of HPCL from the Government of India (GoI). The announcement was made after market hours yesterday, 23 January 2018.
Rajoo Engineers was up 1.18%. The company said that its in-house R&D Unit got registered with the Department of Scientific & Industrial Research (DSIR) for the purpose of availing customs duty exemption. The announcement was made after market hours yesterday, 23 January 2018.
Shriram EPC was up 13.20%. The company said that it has bagged an order worth Rs 84 crore from drinking water & sanitation department, Government of Jharkhand. The announcement was made after market hours yesterday, 23 January 2018.
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