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Strong market breadth

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Key equity indices extended early gains and hit fresh intraday high in morning trade, supported by positive global cues. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 121.32 points or 0.31% at 38,888.43. The was up 36 points or 0.31% at 11,679.45.

Among secondary barometers, the BSE Mid-Cap was up 0.43%. The BSE Small-Cap was up 0.84%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1259 shares rose and 687 shares fell. A total of 118 shares were unchanged.

were in demand. (up 2.72%), (up 1.71%), (up 1.44%), (up 1.26%), (up 1.25%), (up 1.19%), (up 1.12%), (up 1.08%), (up 1.08%) and NMDC (up 0.53%), edged higher.

Most auto shares advanced. (up 4.08%), (up 2.21%), (up 2.1%), (up 0.68%), (up 0.66%), Maruti Suzuki (up 0.48%), (up 0.39%) and Escorts (up 0.37%), edged higher. was down 0.01%.

On the economic front, India's industrial production (base year 2011-12=100) growth moderated sharply to 20-month low of mere 0.1% in February 2019, compared with 1.4% growth recorded in January 2019. The industrial production growth for January 2019 has been revised downwards from 1.7% increase reported provisionally.

The all-general CPI inflation rose to 2.86% in March 2019 (new base 2012=100), compared with 2.57% in February 2019. However, the core CPI inflation eased to 5.02% in March 2019 compared with 5.29% in February 2019.

Overseas, Asian shares were trading higher. Investors cheered Chinese data on Friday showing exports rebounded in March to a five-month high while new jumped by far more than expected.

US stocks closed higher Friday after a series of strong boosted confidence in the US economy.

On the data front, US import prices rose sharply in March for the second straight month. The import price index climbed 0.6% last month after a revised 1% gain in February. Further, the said its consumer sentiment index fell to 96.9 in April.

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

First Published: Mon, April 15 2019. 10:33 IST
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