BSE Sensex falls in the opening trade. The broader Nifty, too, falls on Friday. The Indian rupee strengthens against the US dollar while the Asian currencies fall. The shares of Deep Industries Ltd, Hindustan Oil Exploration Co Ltd and Reliance Industries Ltd rise in the morning trade.
10.08am: BSE Sensex trades lower by 32 points, or 0.11%, to 29,615, while the Nifty 50 falls 10 points, or 0.11%, to 9,164.
10.05am: Jindal Steel & Power Ltd shares rise 3% to Rs 122.10 after the company said its board approved plans of raising funds via issuing equity and preference shares.
10.00am: Mukand Ltd shares rise 4.3% to Rs 85.65 after the company said it formed joint venture with Sumitomo for alloy steel products. The company will hold 51% stake in joint venture and rest will held by Sumitomo. The joint venture enterprise value will be at Rs 2820 crore.
9.45am: Arshiya Ltd shares rise 4.4% to Rs 66.05 after the company said it approved terms of restructuring of banks dues.
9.30am: BSE Sensex trades lower by 52 points, or 0.17%, to 29,596, while the Nifty 50 falls 14 points, or 0.15%, to 9,160.
9.27am: Deep Industries Ltd shares rise 2% to Rs 331 after huge block deal. Around 6.1 million shares of the company changed hands in two block deal, according to Bloomberg report. However, details of the buyers and sellers were not known.
9.25am: Hindustan Oil Exploration Co Ltd shares rise 2.4% to Rs 79.75 after the company said it completes 4 wells, pipeline and gas gathering station to start output from Dirok gas field in northeastern Indian state of Assam, according to a statement on exchanges.
9.20am: The 10-year bond yield was trading at 6.678%, compared to its previous close of 6.698%. Bond yields and prices move in opposite directions.
9.15am: The rupee opened at 64.92 a dollar and touched a high of 64.83. At 9.15am, the home currency was trading at 64.84—up 0.10% from its Thursday’s close of 64.92.
9.10am: Reliance Industries Ltd shares rise 1.2% to Rs1,283.90 as its free jio offer will end on Friday. According to PTI report, Reliance Jio is closing in on 50 million paid users, days before its free voice, free-data offer ends. Out of 100 million-plus free subscribers, nearly 50 million have signed up for its ‘Prime’ membership by paying a one-time charge of Rs 99 and buying data packs.
9.00am: Asian currencies were trading lower. South Korean won was down 0.23%, Taiwan dollar 0.2%, Philippines peso 0.16%, Japanese yen 0.15%, Malaysian ringgit 0.14%, China renminbi 0.13%, Indonesian rupiah 0.05%.
