Highlights

3.34pm ISTClosing bell
3.32 pm ISTTop gainers/losers
3.05 pm ISTSectoral indices
3.00 pm ISTMoody’s upgrades outlook on Indian companies
2.40 pm ISTNeuland Labs board approves purchase of manufacturing facility
2.21 pm ISTMarket update
2.19 pm ISTEuropean shares open higher
2.15 pm ISTRIL raises Rs2,500 crore via NCDs
2.03 pm ISTRupe trades higher; Bond yield rises
1.20 pm ISTPSU Bank stocks rise
12.37 pm ISTAuto stocks trade higher
12.34 pm ISTMarket update
12.30 pm ISTSQS India BFSI closes Hong Kong branch
11.40 am ISTTeamlease Services shares rise over 6%
11.23 am ISTMarket update
11.15 am ISTStrides Shasun unit gets US regulator nod
11.05 am ISTGlenmark Pharmaceuticals USA receives US FDA approval
10.55 am ISTIL&FS Transportation JV plans Rs890 crore bond issue to refinance debt
10.24 am ISTSensex trades flat, Nifty inches down
10.20 am ISTDr. Reddy’s shares fall over 2%
10.05 am ISTPVR shares trade lower
9.29 am ISTSensex, Nifty open higher
9.27 am ISTShares of Future Group companies rise
9.23 am ISTFootwear stocks trade higher
9.18 am ISTNCC shares rise on receipt of mine development contract
9.16 am ISTRupee trades higher against US dollar
9.13 am IST10-year bond yield rises
9.10 am ISTAsian currencies trade higher

BSE Sensex and NSE Nifty closed higher on Wednesday. Photo: Mint

Mumbai: Benchmark Sensex rose over 83 points on Wednesday to close at an over two-week high of 33,561.55, fuelled by infrastructure, PSU and auto stocks, PTI reported. However, the gains were capped by battered metal and healthcare stocks. Sentiment was bolstered by positive global cues, with Hong Kong stocks breaking the 30,000-barrier for the first time in 10 years as Asian markets extended a global rally following another record close on the Wall Street on strong world growth and rising corporate earnings. The Sensex opened higher at 33,569.07 and continued its upward march to hit a high of 33,654.53 on unabated buying by participants, particularly domestic investors. The gauge had gained 717.91 points in the previous four sessions. The broader Nifty scaled a high of 10,368.70, but finished at 10,342.30, up 15.40 points, or 0.15%. Here are the latest updates from the markets:
3.34pm ISTClosing bellBSE Sensex closed higher by 83.20 points, or 0.25%, to 33,561.55, while the Nifty 50 gained 15.40 points, or 0.15%, to close at 10,342.30.
3.32 pm ISTTop gainers/losersAdani Ports, HDFC, SBI and Maruti were top gainers on the BSE basket with gains to the tune of 3.27%, 1.53%, 1.35% and 1.27%, respectively. Meanwhile, shares of Axis Bank, Dr. Reddy’s Labs and Lupin fell 1.23%, 1.23% and 1.16%, respectively.
3.05 pm ISTSectoral indicesThe Nifty Media rose 2.73% followed by the Nifty PSU Bank, which was up 1.54%. On the losing side, the BSE Telecom fell 0.95% followed by metal, which was down 0.69%.
3.00 pm ISTMoody’s upgrades outlook on Indian companiesMoody’s has stable outlook for oil companies, real estate, auto and auto suppliers and IT services. The agency is negative on the telecom sector as it expects the intensifying competition to continue to pressure revenue and margins over the next 12 months.
After sovereign upgrade, Moody"s ups outlook on Indian companies https://t.co/HcY8u4IjSn
— Livemint (@livemint) November 22, 2017
2.40 pm ISTNeuland Labs board approves purchase of manufacturing facilityNeuland Laboratories Ltd said its board of directors approved the acquisition of a manufacturing facility of Arch Pharmalabs Ltd located at Gaddapotharam in Medak District of Telangana. Shares fell 0.36% to Rs1,214.05. Earlier in the day, shares rose 6.61% to Rs1,299.
2.21 pm ISTMarket updateBSE Sensex traded higher by 70.35 points, or 0.21%, to 33,548.70, while the Nifty 50 gained 6.05 points, or 0.06%, to 10,332.95.
2.19 pm ISTEuropean shares open higherThe European Stoxx 600 rose 0.1%, the highest in more than a week, Bloomberg reported. UK’s FTSE gained 0.1% to the highest in more than a week. Germany’s DAX climbed 0.1% to the highest in more than a week. Futures on the S&P 500 gained 0.1% to the highest on record.
2.15 pm ISTRIL raises Rs2,500 crore via NCDsReliance Industries Ltd has issued Rs2,500 crore of unsecured non-convertible redeemable debentures in a private placement, the company said in a BSE filing. RIL shares traded 0.28% lower at Rs929.75.
2.03 pm ISTRupe trades higher; Bond yield risesThe rupee was trading at 64.85 a dollar, up 0.06% from its Tuesday’s close of 64.89. The rupee opened at 64.77 a dollar. The 10-year bond yield was at 6.95%, compared to its previous close of 6.89%.
1.20 pm ISTPSU Bank stocks risePSU Bank stocks gains. State Bank of India rose 2.5%, Punjab National Bank rose 3%, Oriental Bank of Commerce 3%, Indian Bank rose 2%, Syndicate Bank 1.9%, Bank of India 1.8%, Union Bank of India 1.7%, Bank of Baroda 1.5%, Canara Bank 1.5%.
12.37 pm ISTAuto stocks trade higherAuto stocks traded higher with the Nifty Auto index rising 0.46% led by TVS Motors up 1.66%, Tata Motors 1.63%, M&M 1.37%, Bajaj Auto 1.05% and Maruti 0.62%.
12.34 pm ISTMarket updateBSE Sensex traded higher by 110.29 points, or 0.33%, to 33,588.64, while the Nifty 50 gained 20.65 points, or 0.20%, to 10,347.55.
12.30 pm ISTSQS India BFSI closes Hong Kong branchSQS India BFSI Ltd said it has decided to close the company’s branch in Hong Kong. The company’s shares were trading 1.12% lower at Rs460.10.
11.40 am ISTTeamlease Services shares rise over 6%Teamlease Services Ltd rose 6.6% to Rs2017 after ET reported that T Rowe Price bought 5% in TeamLease Services for Rs160 crore from private equity firm Gaja Capital.
11.23 am ISTMarket updateBSE Sensex traded higher by 34.05 points, or 0.10%, to 33,512.40, while the Nifty 50 edged up 3.60 points, or 0.03%, to 10,330.50.
11.15 am ISTStrides Shasun unit gets US regulator nodStrides Shasun Ltd said its unit Strides Pharma Global Pte. Ltd received approval from the US FDA for Acetazolamide tablets USP 125 mg and 250mg, a generic version of Diamax tablets. Shares rose 0.685 to Rs832.
11.05 am ISTGlenmark Pharmaceuticals USA receives US FDA approvalGlenmark Pharmaceuticals Ltd said Glenmark Pharmaceuticals Inc. USA received final approval by the US FDA for HAILEYTM Fe 1/20, the generic version of Loestrin1 Fe 1/20 Tablets, of Allergan Pharmaceuticals International Ltd. Shares were trading 0.41% up at Rs594.80
10.55 am ISTIL&FS Transportation JV plans Rs890 crore bond issue to refinance debtIL&FS Transportation Networks shares traded 0.52% higher at Rs77.05, while Ramky Infrastructure shares were up 0.55% at Rs182.95.
IL&FS Transportation JV plans Rs890 crore bond issue to refinance debt https://t.co/KMfrKYfa7h
— Livemint (@livemint) November 22, 2017
10.24 am ISTSensex trades flat, Nifty inches downBSE Sensex traded higher by 8 points, or 0.02%, to 33,486.35, while the Nifty 50 fell 10.50 points, or 0.10%, to 10,316.40.
10.20 am ISTDr. Reddy’s shares fall over 2%Dr. Reddy’s Laboratories shares fell over 2% to Rs2,342. The shares gained 9% on news of receipt of EIR from the US Food and Drug Administration (FDA) for its Vishakhapatnam facility, but shed some gains later as the plant’s status remains unchanged.
10.05 am ISTPVR shares trade lowerPVR Ltd fell 1.4% to Rs1,348.85 after the company said in a notice to the BSE that Judicial Magistrate, Gurugram, has directed police authorities to register an FIR with regard to two complaints made against the company.
9.29 am ISTSensex, Nifty open higherBSE Sensex traded higher by 124.44 points, or 0.37%, to 33,602.79, while the Nifty 50 rose 40.95 points, or 0.40%, to 10,367.85.
9.27 am ISTShares of Future Group companies riseFuture Group companies shares trade higher. Future Retail Ltd rose 8.7%, Future Consumer Ltd 4% and Future Enterprises Ltd was up 6.7%.
9.23 am ISTFootwear stocks trade higherFootwear stocks gained. Liberty Shoes rose 5%, Superhouse Ltd 7.7%, Mirza International Ltd 4.1%, Bata India 2.4% and Relaxo Footware 6%.
9.18 am ISTNCC shares rise on receipt of mine development contractNCC Ltd shares rose 4% to Rs111.85 after the company said its consortium with BGR Mining received mine development contract at Talaipalli Coal Block.
9.16 am ISTRupee trades higher against US dollarThe Indian rupee on Wednesday strengthened against the US dollar tracking gains in the local equity and Asian currencies market. The rupee opened at 64.77 a dollar. At 9.15am, the home currency was trading at 64.76 a dollar, up 0.18% from its Tuesday’s close of 64.89.
9.13 am IST10-year bond yield risesThe 10-year bond yield was at 6.902%, compared to its previous close of 6.895%. Bond yields and prices move in opposite directions.
9.10 am ISTAsian currencies trade higherAsian currencies were trading higher. Taiwan dollar was up 0.49%, South Korean won 0.40%, Malaysian ringgit 0.38%, Philippines peso 0.17%, Japanese yen 0.15% and Indonesian rupiah rose 0.09%. However, China offshore was down 0.07%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.946, down 0.01% from its previous close of 93.952.