Key indices were trading with small gains in morning trade after opening higher and hitting fresh record in early trade tracking firmness in Asian stocks. At 10:25 IST, the barometer index, the S&P BSE Sensex was up 76.57 points or 0.25% at 30,324.74. The Nifty 50 index rose 34.50 points or 0.37% at 9,441.80. Realty stocks also extended recent rally. Metal stocks also gained.
The BSE Mid-Cap index rose 0.63%. The BSE Small-Cap index gained 0.47%. Both these indices outperformed the Sensex.
The breadth, indicating the overall health of the market, was strong. On the BSE, 1,302 shares rose and 883 shares fell. A total of 100 shares were unchanged.
Metal & mining stocks gained in a firm market. JSW Steel (up 0.56%), Hindustan Copper (up 0.7%), Vedanta (up 1.64%), Hindalco Industries (up 4.09%), Hindustan Zinc (up 1.59%), Jindal Steel & Power (up 1.44%), Tata Steel (up 1.42%), Steel Authority of India (Sail) (up 0.98%), National Aluminum Company (up 0.67%) and NMDC (up 0.67%) gained. Bhushan Steel declined 1.2%.
Realty stocks also extended recent rally. DLF (up 3.13%), D B Realty (up 1.73%), Anant Raj (up 0.81%), Indiabulls Real Estate (up 1.32%), Unitech (up 0.35%), NBCC (up 0.45%), Godrej Properties (up 0.2%), Housing Development & Infrastructure (HDIL) (up 1.99%), and Oberoi Realty (up 0.09%) edged higher.
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Overseas, most Asian stocks advanced as global equities remained at record levels and a rebound in oil boosted energy producers.
Japan's current account balance posted a stronger-than-expected surplus in March on solid income from overseas investments, maintaining a run of uninterrupted monthly surpluses that has continued for almost three years. The surplus of 2.91 trillion yen ($25.45 billion) marked the 33rd straight month in the black, finance ministry data showed.
Most US stocks finished only slightly higher to hit record highs yesterday, 10 May 2017 as a quiet week of trading continued.
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