Key benchmark indices were trading higher in early trade, tracking positive cues from other Asian shares. At 9:18 IST, the barometer index, the S&P BSE Sensex, was up 119.22 points or 0.34% at 35,156.86. The Nifty 50 index was up 35.70 points or 0.34% at 10,624.80.
Among secondary barometers,the BSE Mid-Cap index was up 0.67%. The BSE Small-Cap index was up 0.76%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive. On BSE, 701 shares rose and 241 shares fell. A total of 31 shares were unchanged.
Overseas, Asian stocks were trading higher. Japan's industrial production decreased in May following three consecutive months of improvement, government data showed Friday. Industrial output fell 0.2% in May from a month earlier, following April's 0.5% gain, according to the Ministry of Economy, Trade and Industry.
US stocks recovered from earlier declines on Thursday to finish the session higher on the back of gains in banks and technology stocks.
The growth in the US economy in the first quarter was trimmed to 2% from 2.2%. Meanwhile, weekly jobless claims rose by 9,000 in the latest week.
Back home, Bharti Airtel (down 0.89%), Vedanta (down 0.83%), Hero MotoCorp (down 0.33%), Asian Paints (down 0.27%), HDFC Bank (down 0.23%) and Coal India (down 0.19%), were the major Sensex losers.
Adani Ports and Special Economic Zone (up 3.30%), ITC (up 0.94%), Reliance Industries (up 0.77%), Tata Steel (up 0.72%) and Sun Pharmaceutical Industries (up 0.71%), were the major Sensex gainers.
Wipro was up 0.93%. Wipro said it completed the divestment of Wipro Data Centre and Cloud Services, Inc., and data center business in Germany and UK on 27 June 2018, for a consideration of $399 million. The divestment of data center operations in India is likely to be completed during the quarter ending 30 September 2018, subject to receipt of requisite regulatory approvals and customary closing conditions. Upon completion of such divestment, the company will receive the remaining consideration of $6 million from Ensono. Further, Wipro LLC, a wholly owned subsidiary of Wipro, has completed the acquisition of 10.2% stake in Ensono Holdings, LLC on 27 June 2018. The announcement was made after market hours yesterday, 28 June 2018.
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