Cement stocks gain

Key benchmark indices hovered with modest gains in mid-morning trade. At 11:18 IST, the barometer index, the S&P BSE Sensex, was up 81.53 points or 0.22% at 36,577.90. The Nifty 50 index was up 27.65 points or 0.25% at 11,037.85. Shares of index heavyweight and cigarette major ITC surged. Most FMCG stocks gained. Cement stocks rose. Trading for the week began on an upbeat note as stocks edged higher in early trade boosted by the Narendra Modi government winning the no-confidence motion in the Lok Sabha on Friday, 20 July 2018. Stocks trimmed gains in morning trade. The S&P BSE Mid-Cap index was up 0.24%, outperforming the Sensex. The S&P BSE Small-Cap index was up 0.2%, underperforming the Sensex. The market breadth, indicating the overall health of the market, was positive. On the BSE, 1178 shares rose and 1006 shares fell. A total of 107 shares were unchanged. Index heavyweight and cigarette major ITC jumped 4.02% to Rs 284.45.