Highlights
- 10.22 am ISTWipro shares fall as it faces lawsuit in US
- 10.20 am ISTAlphageo India shares gain 2% on new order
- 10.18 am ISTMT Educare shares rise 5% on stake purchase news
- 9.35 am ISTMarket update
- 9.32 am ISTInfosys shares rise over 2% on CEO appointment
- 9.30 am ISTBiocon shares surge 10% on USFDA approval
- 9.28 am ISTTata Motors shares gain 2% on November sales numbers
- 9.17 am ISTSensex, Nifty open higher
- 9.15 am ISTRupee trades flat against US dollar
- 9.13 am ISTBond yield little changed
- 9.10 am ISTAsian currencies trade lower
BSE Sensex and NSE Nifty trade higher on Monday. Photo: Mint
- Mumbai: The BSE Sensex opened higher on Monday against the previous session’s closing, but quickly turned negative ahead of the Reserve Bank of India policy meeting beginning on 6 December. The broader NSE’s Nifty, too, traded lower shedding opening gains. The Indian rupee opened little changed against the US dollar. The shares of Infosys, Tata Motors, Bharti Airtel rose, whereas the shares of Wipro and Hindustan Unilever fell.
- 10.22 am IST Wipro shares fall as it faces lawsuit in USWipro Ltd fell 2% to Rs284 after National Grid US files lawsuit against Wipro seeking damages of $140 million plus additional costs related to an ERP implementation project that began in 2009.
- 10.20 am IST Alphageo India shares gain 2% on new orderAlphageo India Ltd rose 2% to Rs969.80 after the company said it got order worth Rs155 crore from Oil & Natural Gas Corp Ltd.
- 10.18 am IST MT Educare shares rise 5% on stake purchase newsMT Educare Ltd rose 5% to Rs85.55 after ET reported that Zee planning to buy MT Educare’s promoter stake of 42.78% and will make an open offer for another 20% stake in the company.
- 9.35 am IST Market updateBSE Sensex traded lower by 37.90 points, or 0.12%, to 32,795.04, while the Nifty 50 fell 21.25 points, or 0.21%, to 10,100.55.
- 9.32 am IST Infosys shares rise over 2% on CEO appointmentInfosys Ltd rose 2.7% to Rs984.70 after the company appointed Salil Parekh as chief executive officer and managing director.
- 9.30 am IST Biocon shares surge 10% on USFDA approvalBiocon Ltd jumped 10.5% to Rs493 after the USFDA on Friday approved Mylan N.V. and Biocon Ltd’s biosimilar for Roche’s drug Herceptin, used in the treatment of breast and metastatic stomach cancer.
- 9.28 am IST Tata Motors shares gain 2% on November sales numbersTata Motors Ltd gained 2% to Rs406 after the company said its November sales up 58% year over year at 52,464 units.
- 9.17 am IST Sensex, Nifty open higherBSE Sensex opened higher by 92.88 points, or 0.28%, to 32,925.82, while the Nifty 50 rose 44.65 points, or 0.44%, to 10,166.45.
- 9.15 am IST Rupee trades flat against US dollarIndian rupee opened little changed against the US dollar as traders avoided taking long positions ahead of the key Reserve Bank of India’s monetary policy review. The rupee opened at 64.57 a dollar. At 9.15am, the rupee was trading at 64.49 a dollar, down 0.05% from its Thursday’s close of 64.46. Markets were closed on Friday due to Eid-al-Fitr.
- 9.13 am IST Bond yield little changedThe 10-year bond yield was at 7.055%, compared to its previous close of 7.059%. Bond yields and prices move in opposite directions.
- 9.10 am IST Asian currencies trade lowerAsian currencies were trading weaker as the dollar strengthens on the back of the U.S. tax plan. Japanese yen was down 0.51%, Philippines peso 0.51%, South Korean won 0.29%, China Offshore 0.24%, Singapore dollar 0.17%, Thai Baht 0.14%, Taiwan dollar 0.09%. However, Malaysian ringgit was up 0.18%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.092, up 0.22%, from its previous close of 92.885.