Highlights

3.34 pm ISTClosing bell
3 pm ISTIdea Cellular to raise Rs3,250 crore
2.57 pm ISTSaksoft completes Faichi Solutions purchase
2.55 pm ISTEuropean shares trade higher
2.53 pm ISTRupee trades higher against US dollar
1.55 pm ISTMarket Update
1.53 pm ISTGlenmark Pharmaceuticals launches biosimilar of Adalimumab
1.50 pm ISTControl Print board approves QIP
1.47 pm ISTOptiemus Infracom shares surge on launch of new product
12.58 pm ISTMarket update
12.30 pm ISTVeer Energy shares surge over 5% on new order
11.48 am ISTIndia’s services sector growth improves in December
11.45 am ISTPSU Bank stocks trade higher
10.33 am ISTMarket update
10.30 am ISTUnichem Laboratories shares gain as board to consider buyback
10.28 am ISTAllahabad Bank shares fall on RBI action
10.25 am ISTSJVN shares jump 11% on share buyback plan
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 closed higher on Thursday. Photo: Mint

Mumbai: BSE Sensex and NSE Nifty closed higher on Thursday, halting its three-session falling streak on fresh spell of buying in recent losers amid positive Asian cues. The gauge had lost 263.45 points in the previous three sessions. Sectoral indices led by metal, capital goods, consumer durables, PSU bank were leading the recovery. Brokers said continued foreign fund inflows and gains at most of Asian markets influenced trading sentiments. Foreign institutional investors bought equities worth Rs96.31 crore on Wednesday, while domestic institutional investors sold shares worth Rs269.20 crore, as per the provisional data. (PTI) Here are the latest updates:
3.34 pm IST Closing bellBSE Sensex closed higher by 176.26 points, or 0.52%, to 33,969.64, while the Nifty 50 rose 61.60 points, or 0.59%, to close at 10,504.80.
3 pm IST Idea Cellular to raise Rs3,250 croreIdea Cellular Ltd said its board of directors approved issuance of equity shares to Aditya Birla group entities for an aggregate amount of Rs3,250 crore. The board will also consider raising further capital of Rs3,500 crore via preferential issue, QIP or rights issue. Shares rose 1.66% to Rs104.25.
2.57 pm IST Saksoft completes Faichi Solutions purchaseSaksoft Ltd said its unit Saksoft Inc. USA has completed the acquisition of California-based startup Faichi Solutions LLC. Shares are trading 1.66% lower to Rs228.45.
2.55 pm IST European shares trade higherEurope’s major stock markets advanced in opening deals on Thursday, with London approaching an all-time peak amid a broad global rally. UK’s FTSE 100 index gained 0.3% to 7,696.62 points. In the eurozone, the Paris CAC 40 added 0.5% to 5,360.01 and Frankfurt’s DAX 30 rose 0.7% to 13,065.98 points.
2.53 pm IST Rupee trades higher against US dollarThe Indian rupee on Thursday strengthened against US dollar, tracking gains in the local equity markets. the rupee was trading at 63.45 a dollar, up 0.14% from its Wednesday’s close of 63.54. The 10-year bond yield was at 7.358% compared to its previous close of 7.32%.
1.55 pm IST Market UpdateBSE Sensex traded higher by 168.84 points, or 0.50%, to 33,962.22, while the Nifty 50 rose 46.60 points, or 0.45%, to 10,489.80.
1.53 pm IST Glenmark Pharmaceuticals launches biosimilar of AdalimumabGlenmark Pharmaceuticals Ltd said it has launched biosimilar of Adalimumab under a licensing agreement with Cadila Healthcare Ltd for the treatment of plaque psoriasis and rheumatoid arthritis. Glenmark Pharma shares traded 0.82% lower to Rs587.40, while Cadila Healthcare shares rose 0.90% to Rs431.65.
1.50 pm IST Control Print board approves QIPControl Print Ltd said its board of directors has approved the issue of equity shares to qualified institutional buyers at a price of Rs455 per share. Shares rose 2.47% to Rs479.75
1.47 pm IST Optiemus Infracom shares surge on launch of new productOptiemus Infracom Ltd said it has launched Blackberry-branded android phone KEYone in Bangladesh. Shares surged 5% to Rs196.60
12.58 pm IST Market updateBSE Sensex traded higher by 107.34 points, or 0.32%, to 33,900.72, while the Nifty 50 rose 30.45 points, or 0.29%, to 10,473.65.
12.30 pm IST Veer Energy shares surge over 5% on new orderVeer Energy and Infrastructure Ltd said it has received an order of 2000 KW solar rooftop from a renowned infrastructure developer at Ahmedabad. Shares surged 5.33% to Rs39.50.
11.48 am IST India’s services sector growth improves in DecemberThe Indian services sector returned to marginal growth in December as new orders broadly stabilised, according to a monthly survey. Even as there was a turnaround, business activity growth in December was slight and remained well below the average recorded for the survey history as a whole. The seasonally adjusted Business Activity Index improved to 50.9 in December from 48.5 in November, signalling a renewed increase in business activity. (PTI)
11.45 am IST PSU Bank stocks trade higherPSU Bank stocks gained after Bloomberg reported that the government will seek Parliament nod for $12.6 billion bank recapitalisation bonds. IDBI Bank Ltd rose 6%, Oriental Bank of Commerce 2%, Bank of India 2%, Bank of Baroda 1.7%, Andhra Bank 1.4%, Canara Bank 1.3%, Punjab National Bank 1.3%, State Bank of India 1.3%, Union Bank of India 1.2%, Indian Bank 1%.
10.33 am IST Market updateBSE Sensex traded higher by 39.88 points, or 0.12%, to 33,833.26, while the Nifty 50 rose 14.65 points, or 0.14%, to 10,457.85.
10.30 am IST Unichem Laboratories shares gain as board to consider buybackUnichem Laboratories Ltd rose 4% to Rs345.95 after the company said its board will meet on 8 January to consider buyback of shares.
10.28 am IST Allahabad Bank shares fall on RBI actionAllahabad Bank fell 2.4% to Rs70.65 after the Reserve Bank of India placed the bank under prompt corrective framework.
10.25 am IST SJVN shares jump 11% on share buyback planSJVN Ltd rose 11% to Rs38.40 after the company said its board to meet on 8 January to consider buyback of shares.
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 0.1%, to 10,459.40.