Key benchmark indices were trading lower in early trade on negative global cues. At 9:18 IST, the barometer index, the S&P BSE Sensex, was down 57.36 points or 0.17% at 33,193.57. The Nifty 50 index was down 17.65 points or 0.17% at 10,291.30.
Among secondary barometers,the BSE Mid-Cap index was down 0.10%. The decline in this index was lower than the Sensex's decline in percentage terms. The BSE Small-Cap index was down 0.27%. The decline in this index was higher than the Sensex's decline in percentage terms.
The market breadth, indicating the overall health of the market, was weak. On BSE, 723 shares fell and 447 shares rose. A total of 43 shares were unchanged.
Overseas, Asian shares were trading lower on uncertainty about US tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives' version in several key areas, including a delay in the timing of a corporate tax cut.
US Republican Senators said they want to slash the corporate tax rate in 2019, later than the House's proposed schedule of 2018, complicating a push for the biggest overhaul of US tax law since the 1980s.
US stocks closed lower Thursday with the Dow snapping a seven-day win streak on worries over a possible delay in much-anticipated corporate tax cut. The S&P 500 fell 0.38% and the Dow Jones Industrial Average fell 0.43%. Technology stocks were among the biggest losers with the Nasdaq Composite Index down 0.58%.
Back home, engineering and construction major Larsen & Toubro (L&T) was down 0.44%. The company said that its construction arm has won orders worth Rs 4023 crore across various business segments. The announcement was made before trading hours today, 10 November 2017.
Aurobindo Pharma was down 0.60%. The company's consolidated net profit rise 29% to Rs 781.15 crore on 17.3% rise in net sales to Rs 4354.18 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 9 November 2017.
NTPC was down 0.06%. The company announced that consequent upon successful commissioning of 50 megawatts Rojmal Wind Project at Rojmal, Gujarat, the project is declared on commercial operation from 10 November 2017. With this, the commercial capacity of NTPC would become 43692 MW and that of NTPC Group would become 50908 MW. The announcement was made after market hours yesterday, 9 November 2017.
RBL Bank was down 0.24%. The bank has completed the acquisition of more than 50% of the paid-up equity share capital in Swadhaar FinServe thereby making it a subsidiary of the Bank. The announcement was made after market hours yesterday, 9 November 2017.
Titagarh Wagons was down 4%. The company reported consolidated net loss of Rs 5.45 crore in Q2 September 2017 compared with net profit of Rs 16.64 crore in Q2 September 2016. Total income fell 10.58% to Rs 373.29 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 9 November 2017. Post introduction of GST from 1 July 2017, revenue from operations is not comparable with previous periods.
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