Key benchmark indices were trading with small losses in early trade. At 9:19 IST, the barometer index, the S&P BSE Sensex, was down 2.55 points or 0.01% at 36,159.09. The Nifty 50 index was down 12.15 points or 0.11% at 11,073.85.
Trading could be volatile as traders roll over positions in the futures & options (F&O) segment from the near month January 2018 series to February 2018 series. The January 2018 derivatives contract expires today, 25 January 2018.
Among secondary barometers,the BSE Mid-Cap index was up 0.14%, outperforming the Sensex. The BSE Small-Cap index was down 0.04%, underperforming the Sensex.
The market breadth, indicating the overall health of the market, was negative. On BSE, 700 shares fell and 657 shares rose. A total of 52 shares were unchanged.
Overseas, most Asian shares declined. US stocks closed mixed on Wednesday as markets focused on a mix of corporate earnings, trade war concerns and the broad decline in the US currency. The Dow Jones Industrial Average rose 0.16%. The S&P 500 index shed 1.59 points, while the Nasdaq Composite Index fell 0.6%.
TCS was down 0.37%. The company said that the company and Mesosphere, the creators of DC/OS, the premier platform for building and running data-intensive, containerized applications announced a partnership aimed at helping customers utilize data services and cloud platforms more efficiently. The announcement was made after market hours yesterday, 24 January 2018.
Biocon was down 3.67%. The company's consolidated net profit fell 46.4% to Rs 91.90 crore on 2% growth in net sales to Rs 1057.90 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 24 January 2018.
Pidilite Industries was up 1.01%. The company's consolidated net profit rose 18% to Rs 239.14 crore on 15.6% growth in net sales to Rs 1542.90 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 24 January 2018.
Bharat Electronics was up 1.90%. The company said that the board of directors at a meeting scheduled on 30 January 2018 will consider proposal for share buyback. The announcement was made after market hours yesterday, 24 January 2018.
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