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Strong market breadth

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Buying continue unabated as the key benchmark indices hit fresh intraday high in mid-morning trade. At 11:21 IST, the barometer index, the Sensex, was up 184.44 points or 0.54% at 34,285.57. The was up 52.70 points or 0.50% at 10,511.35. Nifty was trading above the 10,500 mark.

The key indices opened higher and firmed up further as the session progressed. The Sensex rose 186.99 points, or 0.55% at the day's high of 34,288.12 in mid-morning trade, its highest intraday level since 28 February 2018. The rose 53.81 points, or 0.16% at the day's low of 34,154.94 in early trade. The Nifty rose 54.65 points, or 0.52% at the day's high of 10,513.30 in mid-morning trade, its highest intraday level since 1 March 2018. The rose 17.15 points, or 0.16% at the day's low of 10,475.80 in early trade.

Among secondary barometers, the Mid-Cap index was up 0.81%. The Small-Cap index was up 0.77%. Both these indices outperformed the Sensex.

The broad market depicted strength as 1,448 shares rose and 821 shares fell on BSE.

Overseas, Asian stock markets gave up some of their early gains Friday after reported a surprise trade deficit for March. China's trade balance swung to a deficit of $4.98 billion in March from a $33.7 billion surplus in the previous month. Exports declined 2.7% in March from a year earlier, following a 44.5% surge in February. Imports in March expanded 14.4% from a year earlier, compared with a 6.8% increase in February.

US stocks closed sharply higher on Thursday, as geopolitical concerns appeared to fade after tweeted that a military strike on may not be imminent. Escalating tensions over the Middle Eastern country were seen as a major contributor to weakness in Wednesday's session.

Back home, were mixed. ACC (up 0.27%) and (up 0.23%), edged higher. was down 0.13%.

was down 0.12%. Grasim has exposure to cement sector through its holding in

Most telecom shares rose. (up 1.35%), (up 1.30%) and (up 0.58%), edged higher. MTNL (down 0.73%) and (Maharashtra) (down 1.79%), edged lower.

Telecom tower infrastructure provider was up 1.99%.

On macro front, the all-general consumer price index (CPI) inflation eased marginally to five-month low of 4.28% in March 2018, compared with 4.44% in February 2018.

India's industrial production continued to record a healthy growth for the fourth straight month at 7.1% in February 2018 over February 2017. The manufacturing sector's production surged 8.7% in February 2018, contributing to the overall growth in industrial production. However, the growth of moderated to 4.5%, while the output declined 0.3% in February 2018.

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

First Published: Fri, April 13 2018. 11:30 IST
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