The Sensex was trading firm in morning trade. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 205.70 points or 0.66% at 31,566.33. Trading was stopped in both cash and F&O segment of NSE due to technical reasons. Buoyant Asian stocks lifted sentiment on the domestic bourses.
Due to technical reasons in cash market, trading has been stopped in both cash and F&O segment of NSE. The technical team of NSE is looking into the issue and market re-open time will be intimated shortly, NSE said.
Domestic stocks kick-started trading for the week on a upbeat note on positive Asian stocks.
The S&P BSE Mid-Cap index was up 0.35%. The S&P BSE Small-Cap index was up 0.51%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,398 shares rose and 658 shares fell. A total of 101 shares were unchanged.
Overseas, Asian stocks were trading higher after a stronger-than-expected US jobs data reinstated confidence in global growth. US stocks finished higher on Friday, 7 July 2017 as tech stocks rebounded from a slump and the jobs report showed a higher-than-expected gain for June.
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The Fed, in its semiannual monetary policy report, forecast a gradual hike in interest rates and a winddown of the balance sheet as the economy continues its steady pace of expansion. Meanwhile, the Group of 20 meeting of world leaders made little impact on markets, as there was less discord than expected.
In economic data, an employment report showed the US added 222,000 jobs in June, representing the second-largest job haul of the year and underscoring that the labor market remains healthy. The Labor Department said unemployment ticked up to 4.4% from 4.3%.
Back home, IT stocks gained. TCS (up 2.95%), Infosys (up 1.19%), Wipro (up 1.58%), HCL Technologies (up 1.44%), Oracle Financial Services Software (down 0.23%), Tech Mahindra (up 0.71%), Hexaware Technologies (up 0.78%) gained.
Cement stocks rose. Ambuja Cements (up 0.02%) and ACC (up 0.82%) gained. Shree Cement (down 1.05%) fell.
Grasim Industries was up 0.2%. Grasim has exposure to the cement sector through its holding in UltraTech Cement.
UltraTech Cement rose 0.22%. The stock turned ex-dividend today, 10 July 2017, for dividend of Rs 10 per share for the year ended March 2017.
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