Mumbai: The BSE Sensex opened higher on Tuesday. The broader Nifty, too, edged up in opening trade. The Indian rupee, tracking Asian currencies, weakens against the US dollar. The shares of ABB India, JSW energy and Unitech rise, whereas those of Canara Bank, Union Bank and Raymond fall in opening trade on the BSE. Here are the latest updates
9.30am: BSE Sensex trades higher by 55 points, or 0.18%, to 29,981, while the Nifty 50 rises 20 points, or 0.22%, to 9,334.
9.25am: Shares of ABB India rose as much as 7.75% to Rs1,510.40 on BSE after its net profit rose 3.2% to Rs88.17 crore on 8.4% increase in net sales to Rs2,146.04 crore in the March quarter 2017 over the same quarter in 2016.
9.23am: Shares of public sector lender Canara Bank lost as much as 4.21% to Rs379.20 per share after it posted a profit of Rs214 crore for the March quarter of last fiscal as it managed to rein in non-performing assets.Banks gross bad loans or non-performing assets (NPAs) during the quarter under review rose marginally to 9.63% as against 9.4% in the same year-ago period.The gross NPAs, in terms of amount, were at Rs34,202 crore, up from Rs31,637.83 crore in the year-ago period.
9.20am: Shares of CMI gained as much as 2.75% to Rs213.30 per share after it was awarded an order worth Rs36.24 crore by Gujarat Energy Transmission Corporation for supply of 66 KV XLPE cables. The order is revenue accretive and will be delivered in two quarters of 2017-18.
9.15am: Shares of Ramky infrastructure gained 2.72% to Rs113.20 per share after the company won a Rs 337 crore highway project in Jharkhand from National Highways Authority of India.
9.10am: Shares of Eros International Media gained as much as 3.08% to Rs 236.05 per share after it announced that it signed a significant television syndication deal with Zee for a slate of forthcoming releases this year, including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan. The announcement was made after market hours on Monday.
9.08am: The rupee was trading at 64.51 a dollar, down 0.31% from its Monday’s close of 64.31. The rupee opened at 64.42 a dollar and touched a high and a low of 64.42 and 64.52, respectively.
9.05am: The 10-year bond yield closed at 6.92% compared to its previous close of 6.93%. Bond yields and prices move in opposite directions.
9.00am: Asian currencies were trading lower. South Korean won was down 0.296%, Indonesian rupiah 0.21%, Taiwan dollar 0.11%, Malaysian ringgit 0.10%, Thai baht 0.092%, Singapore dollar 0.043%, Philippines peso 0.042%, China renminbi 0.026% and China offshore was trading lower 0.006%. However, Japanese yen was up 0.53% and Hong Kong dollar 0.005%.
8.55am: Asian markets were lower in early Tuesday trade after soaring in the previous session with investors focused on key regional events unfolding in the day, including a presidential election in South Korea and the release of the Australian federal budget.