Market hovered with small losses in morning trade amid geopolitical tensions as US fired dozens of cruise missiles into Syria. At 10:15 IST, the barometer index, the S&P BSE Sensex, was down 62.24 points or 0.21% at 29,865.10. The Nifty 50 index was down 23.55 points or 0.25% at 9,238.40.
The Sensex lost 164.32 points or 0.54% at the day's low of 29,763.02 in early trade, its lowest level since 3 April 2017. It fell 61.76 points or 0.2% at the day's high of 29,865.58 in morning trade. The Nifty fell 49.35 points or 0.53% at the day's low of 9,212.60 in early trade, its lowest level since 3 April 2017. It lost 21.80 points or 0.23% at the day's high of 9,240.15 in morning trade.
The BSE Mid-Cap index rose 0.17%. The BSE Small-Cap index advanced 0.29%. Both these indices outperformed the Sensex.
The breadth, indicating the overall health of the market, turned positive from negative. On the BSE, 1,238 shares rose and 978 shares declined. A total of 101 shares were unchanged.
Telecom stocks advanced. Idea Cellular (up 2.66%), Bharti Airtel (up 1.73%), Bharti Infratel (up 0.66%) and Reliance Communications (up 0.62%) edged higher.
Realty stocks also gained. Prestige Estates Projects (up 2.57%), Indiabulls Real Estate (up 1.54%), Sobha (up 1%), Godrej Properties (up 0.78%), DLF (up 0.74%) and HDIL (up 0.42%) edged higher. Unitech (down 2.32%) and Oberoi Realty (down 0.07%) edged lower.
Dynamatic Technologies surged 5.34% at Rs 2,974.80 after the company announced signing a cooperation agreement with Magal Security Systems, an Israeli company. This new cooperation aims to answer the Indian increasing market demand for high-end security products and solutions for critical infrastructure, among other, to provide combined integrated border management solutions (CIBMS) aimed to address the challenges in securing our borders. The announcement was made after market hours yesterday, 6 April 2017.
Overseas, Asian stocks edged lower after the US fired dozens of cruise missiles into Syria. The missile strikes happened as President Donald Trump hosts Chinese President Xi Jinping at his Mar-a-Lago resort in Florida.
US equities closed well off session highs yesterday, 6 April 2017, after Trump said he's willing to act alone on North Korea if China does not step up.
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