Key indices drifted higher in early trade on positive Asian stocks. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 119.36 points or 0.33% at 36,809.86. The Nifty 50 index was up 32.45 points or 0.3% at 10,887.95.
The S&P BSE Mid-Cap index was down 0.01%. The S&P BSE Small-Cap index was up 0.2%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 535 shares rose and 413 shares fell. A total of 37 shares were unchanged.
Overseas, Asian stocks were trading higher ahead of Chinese trade data, which could shed further light on the impact of Washington's protracted trade war between Washington and Beijing.
US stocks recovered from steep early losses on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.
Back home, Ultratech Cement rose 0.79% ahead of its Q1 result on 8 August 2019.
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Tata Steel lost 3.69% after the company reported 63.58% slide in consolidated net profit to Rs 710.50 crore on 1.16% rise in total income to Rs 36320.02 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 7 August 2019.
HCL Technologies gained 3.79%. The company reported 12.55% fall in consolidated net profit to Rs 2230 crore on 2.73% rise in net sales to Rs 16427 crore in Q1 June 2019 over Q4 March 2019. The result was announced after market hours yesterday, 7 August 2019.
Aurobindo Pharma rose 3.6% after the company reported 39.54% rise in consolidated net profit to Rs 635.83 crore on 27.26% rise in total income to Rs 5465.09 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 7 August 2019.
Petronet LNG shed 0.79% after the company reported 7.2% fall in consolidated net profit to Rs 561.94 crore on 6.11% fall in total income to Rs 8719.52 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 7 August 2019.
Hindustan Petroleum Corporation rose 0.04%. The company reported 55.87% slide in consolidated net profit to Rs 877.48 crore on 5.1% rise in total income to Rs 71752.83 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 7 August 2019.
Siemens advanced 4.11% after the company reported 21.35% rise in consolidated net profit to Rs 250.10 crore on 4.31% rise in total income to Rs 3300 crore in Q3 June 2019 over Q3 June 2018. The result was announced after market hours yesterday, 7 August 2019.
NBCC (India) rose 1.05% after the company secured the total business of Rs 201.77 crore in June and July 2019. The announcement was made after market hours yesterday, 7 August 2019.
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