Key benchmark indices were trading higher in early trade, tracking positive leads from Asian markets and overnight gains on the Wall Street. At 9:23 IST, the barometer index, the S&P BSE Sensex, was up 191.68 points or 0.54% at 35,989.69. The Nifty 50 index was up 52.45 points or 0.48% at 11,018.65.
Among secondary barometers,the BSE Mid-Cap index was up 0.70%. The BSE Small-Cap index was up 0.47%. Both these indices outperformed the Sensex.
The broad market depicted strength. There were more than two gainers against every loser on BSE. 1,121 shares rose and 483 shares fell. A total of 55 shares were unchanged.
Overseas, Asian shares were trading higher following the stronger lead from Wall Street after US lawmakers reached a deal to end a government shutdown. Investors also awaited the Bank of Japan's interest rates decision due later in the day.
US stocks ended higher after the Senate reached a short-term compromise to end a government shutdown that began last week. The stopgap bill approved by the Senate on Monday will keep the US government open through 8 February 2018. The House of Representatives subsequently voted and passed the bill to reopen the government, sending it to President Donald Trump for a signature. The Dow Jones Industrial Average gained 0.6%. The S&P 500 rose 0.8%. The Nasdaq Composite Index rose 1%.
Asian Paints was down 0.74%. The company's consolidated net profit rose 15.9% to Rs 567.21 crore on 10.5% growth in net sales to Rs 4260.52 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 January 2018.
Just Dial was up 0.70%. The company's net profit rose 4.2% to Rs 28.60 crore on 9.2% growth in net sales to Rs 196.79 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 January 2018.
Indian Oil Corporation was up 2.77%. The company said that the board of directors of the company may consider bonus issue of shares along with its announcement of Q3 results in a meet on 30 January 2018. The announcement was made after market hours yesterday, 22 January 2018.
Kalpataru Power Transmission (KPTL) was up 10.12%. The company secured new orders/notification of award of Rs 871 crore. Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO of the company said that the current orders reflect continued success of the company's railway and pipeline businesses. The cumulative order intake from these businesses this year has exceeded Rs 2600 crore. This will provide further impetus for growth in the next year, he added. The announcement was made after market hours yesterday, 22 January 2018.
Om Metals Infraprojects was up 3.09%. The company announced that it has reached a compromise/settlement with Jaipur based realty developer in a prestigious land of 56,000 square meters in Viswa Karma Industrial Area (VKIA), Jaipur. The company announced that its associate company Om Metals Infotech (OMIPL) has secured compromise/settlement with Riya Garments who has agreed to withdraw its claim on the land from the High Court of Rajasthan.
The land was purchased by the company in an auction from IDBI bank in year 2006-07 and Riya Garments challenged the sale. The execution of settlement agreement shall be presented to the High Court of Rajasthan and the same will take place in some time. This 56,000 sqmt land, which has been in the company's possession since the date of purchase, is well located in the city of Jaipur and has potential of being developed as residential/commercial subject to approval from appropriate authorities. The announcement was made after market hours yesterday, 22 January 2018.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
