Highlights

3.34 pm ISTClosing bell
2.10 pm ISTMarket update
2.08 pm ISTRupee trades lower against US dollar
2.05 pm ISTEuropean shares trade higher
2 pm ISTDr. Reddy’s shares fall on report of receiving EIR
12.54 pm ISTMarket update
12.50 pm ISTUco Bank to issue shares to govt
12.48 pm ISTCrude at 31-month high, oil marketing companies likely to be under pressure
12.45 pm ISTGlobal gold prices edge down after hitting 3-1/2-month highs
12.05 pm ISTDr. Reddy’s Labs shares fall over 4%
12.02 pm ISTLoyal Equipments shares jump on new order
10.50 am ISTMarket update
10.47 am ISTLasa Supergenerics shares gain 5%
10.45 am ISTIndowind Energy shares rise on fund raising plan
10.43 am ISTOrient Green Power shares gain on asset sale
10.40 am ISTGallantt Ispat shares surge 20% after Sebi revokes shell company status
9.45 am ISTRIL shares gain over 1%
9.43 am ISTFertiliser stocks trade higher
9.40 am ISTTitan shares rise on Q3 growth
9.38 am ISTRupee trades lower against US dollar
9.28 am ISTMarket update

BSE Sensex and NSE Nifty closed little changed on Wednesday. Photo: Reuters

Mumbai: BSE Sensex and NSE Nifty closed little changed on Wednesday as investors are cautious ahead of key corporate results starting next week. Investors in India are awaiting corporate results, including from TCS and Infosys that are scheduled next week. “Market is moving on global cues. Until results start coming out, it will be fundamentally moving on external factors,” said Jayant Manglik, president, retail distribution, Religare Broking. “This earnings season will be the most important in a long time as expectation is that impact of demonetisation and GST would have been completely absorbed.” (Reuters) Here are the latest updates:
3.34 pm IST Closing bellBSE Sensex closed lower by 18.88 points, or 0.06%, to 33,793.38, while the Nifty 50 ended little changed at 10,443.20, up 1 point, or 0.01%.
2.10 pm IST Market updateBSE Sensex traded higher by 82.82 points, or 0.24%, to 33,895.08, while the Nifty 50 rose 32.20 points, or 0.31%, to 10,474.40.
2.08 pm IST Rupee trades lower against US dollarThe rupee was trading at 63.51 a dollar, down 0.05% from its Tuesday’s close of 63.48. The rupee opened at 63.58 a dollar and touched a high and a low of 63.46 and 63.58 respectively. The 10-year bond yield was at 7.382% compared to its previous close of 7.386%.
2.05 pm IST European shares trade higherEurope’s major stock markets advanced in opening deals after yet another record-breaking session on Wall Street. London’s benchmark FTSE 100 index gained almost 0.2% to 7,660.54 points compared with the closing level on Tuesday. In the eurozone, the Paris CAC 40 added 0.1% to 5,295.31 and Frankfurt’s DAX 30 rose 0.3% to 12,916.18 points.
2 pm IST Dr. Reddy’s shares fall on report of receiving EIRDr Reddy’s Laboratories Ltd fell 2.5% to Rs 2348 after CNBC TV reported that an EIR has been issued to the company’s Duvvada facility. The report further states that Duvvada facility status continues to be classified as official action initiated (OAI).
12.54 pm IST Market updateBSE Sensex traded higher by 40.41 points, or 0.12%, to 33,852.67, while the Nifty 50 rose 18.30 points, or 0.18%, to 10,460.50.
12.50 pm IST Uco Bank to issue shares to govtUco Bank said its board of directors has approved a proposal to issue of equity shares to the government of India against capital contribution of Rs1,375 crore. Shares rose 1.48% to Rs30.80.
12.48 pm IST Crude at 31-month high, oil marketing companies likely to be under pressureMost OMC stocks, including IOC and HPCL, have under-performed BSE Oil & Gas index, in the three months ending December
Crude at 31-month high, oil marketing companies likely to be under pressure https://t.co/VIb9FEiCuO
— Livemint (@livemint) January 3, 2018
12.45 pm IST Global gold prices edge down after hitting 3-1/2-month highsGold prices edged down on Wednesday after hitting a 3-1/2-month high, as the dollar recovered from its lows and technical indicators pointed to a short-term correction. Spot gold fell 0.4% to $1,312.71 an ounce at 8.27am. The precious metal earlier hit $1,321.33, its highest level since 15 September. US gold futures were mostly unchanged at $1,315.60 an ounce.
12.05 pm IST Dr. Reddy’s Labs shares fall over 4%Dr. Reddy’s Labs shares fell most today leading the top losers chart on BSE Sensex basket. The shares were trading 2.70% lower at Rs2,342.80. The stock fell 4.51% to Rs2299 in the early hours.
12.02 pm IST Loyal Equipments shares jump on new orderLoyal Equipments Ltd said it has received a purchase order from Simon India Ltd worth Rs345.00 lakh for supply of shell and tube heat. Shares surged 4% to Rs52.
10.50 am IST Market updateBSE Sensex traded higher by 134.26 points, or 0.40%, to 33,946.52, while the Nifty 50 rose 49.55 points, or 0.47%, to 10,491.75.
10.47 am IST Lasa Supergenerics shares gain 5%Lasa Supergenerics Ltd rose 5% to Rs207.80 after the company said it filed new CEP application with European Medicines Directorate.
10.45 am IST Indowind Energy shares rise on fund raising planIndowind Energy Ltd rose 5% to Rs12.30 after the company said it will raise Rs30 crore through a QIP or rights issue.
10.43 am IST Orient Green Power shares gain on asset saleOrient Green Power Co Ltd rose 6% to Rs11.69 after the company said it sold 8 biomass subsidiaries to Janati Bio Power for Rs49 crore.
10.40 am IST Gallantt Ispat shares surge 20% after Sebi revokes shell company statusGallantt Ispat Ltd rose 20% to Rs249.90 after Securities Exchange Board of India revokes shell company status of the company.
9.45 am IST RIL shares gain over 1%Reliance Industries Ltd rose 1.3% to Rs923.45 after the company said it commissioned its refinery off-gas cracker (ROGC) complex of 1.5 million tonnes per annum (mtpa) capacity along with downstream plants and utilities. This marks the end of the $16 billion refining and petrochemicals expansion plan that RIL embarked on in 2014.
9.43 am IST Fertiliser stocks trade higherFertiliser stocks gained. Rashtriya Chemicals & Fertilizers Ltd rose 2.6%, Nagarjuna Fertilizers gains as much as 20%, Gujarat State Fertilizers 1.2%, National Fertilizers 0.5%, Zuari Agro Chemicals 2.8%, Mangalore Chemicals 3% and Chambal Fertilisers 2.5%.
9.40 am IST Titan shares rise on Q3 growthTitan Co. Ltd rose 2% to Rs861.50 after the company said its third-quarter jewellery retail growth is in-line with the company’s expectation.
9.38 am IST Rupee trades lower against US dollarThe Indian rupee opened marginally lower against US dollar on Wednesday, retreating from over 29-month high it scaled on Tuesday. The home currency was trading at 63.56 a dollar, down 0.12% from its Tuesday’s close of 63.48—a level last seen on 17 July 2015. The 10-year bond yield was at 7.407% compared to its previous close of 7.386%.
9.28 am IST Market updateBSE Sensex traded higher by 101.10 points, or 0.30%, to 33,913.36, while the Nifty 50 rose 25.45 points, or 0.24%, to 10,467.65.