Key benchmarks trimmed gains in mid-morning trade. At 11:24 IST, the barometer index, the S&P BSE Sensex, was up 267.86 points or 0.77% at 35,132.96. The Nifty 50 index was up 66.20 points or 0.63% at 10,578.70. The Sensex was trading above the psychologically important 35,000 mark after opening above that level. Sentiment was upbeat amid positive global markets.
Among secondary barometers, the BSE Mid-Cap index was up 0.70%. The BSE Small-Cap index was up 1.44%.
The market breadth, indicating the overall health of the market, was strong. On BSE, 1702 shares rose and 584 shares fell. A total of 125 shares were unchanged.
Metal shares were in demand. Jindal Steel & Power (up 2.73%), Tata Steel (up 1.77%), Vedanta (up 1.45%), JSW Steel (up 1.42%), Hindustan Zinc (up 1.24%), Steel Authority of India (up 1.19%), National Aluminium Company (up 1.05%), NMDC (up 0.71%), Hindustan Copper (up 0.48%) and Hindalco Industries (up 0.02%), edged higher.
Most FMCG shares rose. Dabur India (up 1.77%), Godrej Consumer Products (up 1.65%), Hindustan Unilever (up 1.19%), Procter & Gamble Hygiene & Health Care (up 1.10%), Britannia Industries (up 1.05%), Tata Global Beverages (up 0.83%), Marico (up 0.79%), Bajaj Corp (up 0.65%) and Nestle India (up 0.10%), edged higher. GlaxoSmithKline Consumer Healthcare (down 0.14%), Jyothy Laboratories (down 0.33%) and Colgate Palmolive (India) (down 0.41%), edged lower.
On the macro front, India's merchandise trade deficit during April-September 2018 was reported at $94.32 billion and $13.98 billion in September 2018, which is the lowest in last 5 months, despite high oil prices.
More From This Section
Merchandise exports in September 2018 exhibited a positive growth of 9.65% in Rupee terms. In dollar terms there was a marginal negative growth in merchandise exports of 2.15% in September 2018. In the first six months (April-September 2018), merchandise exports exhibited a positive growth of 19.93% in Rupee terms and 12.54% in US$ terms over same period last year.
Imports during April-September 2018 exhibited a positive growth of 16.16% in US$ terms. In September 2018, imports exhibited a positive growth of 10.45% in US$ terms (which is the lowest in last 5 months) and 23.78 in Rupee terms.
Overseas, most Asian shares were trading higher on Tuesday. China's consumer inflation in September rose 2.5% compared to a year ago and 0.7% higher than August, government data on Tuesday showed.
In US, major benchmarks closed lower Monday as tech weakness prevented stocks from holding on to earlier gains. Investors also remained cautious following last week's equity-market rout, sparked in part by rising US interest rates.
On the data front, US retail sales rose 0.1% in September, less than expected. Excluding car sales, the figure remained flat last month. The Empire State Index meanwhile rose 2.1 points to 21.1 in October, compared with 19 previously. Business inventories for August rose 0.5%.
Powered by Capital Market - Live News