Highlights
- 9.40 am ISTTata Motors shares fall on US JLR sales numbers
- 9.38 am ISTNitesh Estates shares jump 20% on report on Fosun Group investment
- 9.35 am ISTONGC shares gain on rising oil prices
- 9.33 am ISTRupee opens marginally higher
- 9.23 am ISTMarket update
BSE Sensex and NSE Nifty open higher on Thursday. Photo: Mint
- Mumbai: BSE Sensex opened higher on Thursday against the previous session’s closing. The NSE Nifty also rose in the morning hours. The Indian rupee on Thursday was trading marginally lower against US dollar tracking losses in its Asian peers. The 10-year bond yield rose ahead of a fresh 10-year bond offering on Friday and as investors await details of bond sales by state governments this quarter. ONGC, IndusInd Bank and Dr. Reddy’s Labs shares rose, whereas shares of Tata Motors, ICICI Bank and Yes Bank fell. Here are the latest updates:
- 9.40 am IST Tata Motors shares fall on US JLR sales numbersTata Motors Ltd fell 1.1% to Rs252 after the company said its US JLR sales fell 9.4% to 11394 units.
- 9.38 am IST Nitesh Estates shares jump 20% on report on Fosun Group investmentNitesh Estates Ltd hits 20% upper circuit to Rs15.93 after The Times of India reported that Shanghai-based Fosun Group is in advanced discussions to invest Rs800 crore in southern developer Nitesh Estates in what would be the Chinese conglomerate’s first M&A deal in the Indian real estate sector.
- 9.35 am IST ONGC shares gain on rising oil pricesOil and Natural Gas Corp. Ltd rose 1.3% to Rs196.15 after international crude oil prices hit a three-year high.
- 9.33 am IST Rupee opens marginally higherThe Indian rupee was trading marginally lower against US dollar on Thursday, tracking losses in its Asian peers. The rupee was trading at 63.61 a dollar, down 0.10% from its Wednesday’s close of 63.54. The 10-year bond yield rose ahead of the fresh 10-year bond offering on Friday and as investors await details of bond sales by state governments this quarter. The 10-year bond yield was at 7.349% compared to its previous close of 7.32%
- 9.23 am IST Market updateBSE Sensex traded higher by 27.22 points, or 0.08%, to 33,820.60, while the Nifty 50 rose 16.20 points, or 0.16%, to 10,459.40.