Highlights

3.36 pm ISTClosing bell
2.55 pm ISTMarket update
2.53 pm ISTTCS shares rise ahead of earnings
2.50 pm ISTLupin gets USFDA approval
2.45 pm ISTEuropean shares trade lower
1.52 pm ISTCabinet approves amendments in FDI policy
1.50 pm ISTVenus Remedies approves QIP issue price
1.47 pm ISTFitch says India bank recap to prioritise large state banks
1.45 pm ISTBank of India signs MoU with Receivables Exchange
12.52 pm ISTMarket update
12.50 pm ISTRupee, bond prices fall as crude oil hits 3-year high
12.45 pm ISTPSU Banks stocks fall
12.43 pm ISTOil equipment companies shares trade higher
11.27 am ISTMarket update
11.25 am ISTSteel Strips Wheels gets new order from US
11.23 am ISTTata group global wholesales rise 23%
11.20 am ISTIDBI Bank considers preferential issue to government
10.23 am ISTMarket update
10.20 am ISTPhilips Carbon Black shares fall on share sale
10.17 am ISTKSK Energy shares rise on share purchase by Societe Generale
9.40 am ISTInfosys up nearly 1% after pact with US IRS
9.37 am ISTElectrosteel Steels shares rise 5%
9.35 am ISTONGC shares gain on rising oil prices
9.30 am ISTRupee opens marginally higher against US dollar
9.28 am ISTMarket update

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

Mumbai: Benchmark indices closed marginally lower on Wednesday, breaking a four-day winning streak, as investors were cautious ahead of key corporate earnings later this week. Both the indices opened higher with Sensex hitting an all-time intraday high of 34,565.63 and the Nifty 50 touching its record peak of 10,655.50 intraday. Among the sectoral indices, IT and Teck led the gains by rising 1.84% and 1.46%, respectively. Meanwhile, the Nifty PSU Bank fell 1.38%. TCS, Wipro and Coal India were top gainers, whereas Dr. Reddy’s Labs, NTPC and Asian Paints were major losers. The rupee and 10-year bond prices fell for the third session on worries of fiscal slippage and higher inflation pressure after international crude oil prices hit a three-year high.
3.36 pm IST Closing bellBSE Sensex closed lower by 10.12 points, or 0.03%, to 34,433.07, while the Nifty 50 fell 4.80 points, or 0.05%, to close at 10,632.20.
2.55 pm IST Market updateBSE Sensex traded lower by 48.52 points, or 0.14%, to 34,394.67, while the Nifty 50 fell 21 points, or 0.20%, to 10,616.
2.53 pm IST TCS shares rise ahead of earningsTata Consultancy Services Ltd rose 2.83% to Rs2,785 ahead of its December quarter earnings on Thursday. According to 19 Bloomberg analyst estimates, the company may post net profit of Rs6,532.70 crore while net sales will be at Rs31,041.70 crore.
2.50 pm IST Lupin gets USFDA approvalLupin Ltd said it has received final approval for generic Tamiflu capsules from the USFDA. Shares rose 0.23% to Rs923.
2.45 pm IST European shares trade lowerEurope’s main stock markets dipped at the start of trading, with London’s benchmark FTSE 100 down a couple of points at 7,728.80. In the eurozone, Frankfurt’s DAX 30 fell 0.2% to 13,383.26 points and the Paris CAC 40 lost 0.1% to 5,518.32.
1.52 pm IST Cabinet approves amendments in FDI policy■ 100% FDI under automatic route for Single Brand Retail Trading■ 100% FDI under automatic route in Construction Development■ Foreign airlines allowed to invest up to 49% under approval route in Air India■ FIIs/FPIs allowed to invest in Power Exchanges through primary market■ Definition of ‘medical devices’ amended in the FDI Policy
#Cabinet approves amendments in #FDI policy: https://t.co/KJRGsc33PW
— PIB India (@PIB_India) January 10, 2018
1.50 pm IST Venus Remedies approves QIP issue priceVenus Remedies Ltd said its board approved the issue price of Rs103.65 and the number of shares allocated to eligible qualified institutional buyers under QIP. Shares traded 0.13% up at Rs119.80
1.47 pm IST Fitch says India bank recap to prioritise large state banksFitch Ratings said that India’s recapitalisation will prioritise large state banks which have scope to grow. The rating agency said the government’s bank recapitalisation programme will increase average core capital ratio of state banks. (Reuters)
1.45 pm IST Bank of India signs MoU with Receivables ExchangeBank of India said it has entered into MoU with Receivables Exchange of India Ltd (RXIL) as a TReDS partner for discounting invoices of MSMEs on digital platform. Shares traded 3% lower at RS165.10
12.52 pm IST Market updateBSE Sensex traded lower by 68.37 points, or 0.20%, to 34,374.82, while the Nifty 50 fell 27.85 points, or 0.26%, to 10,609.15.
12.50 pm IST Rupee, bond prices fall as crude oil hits 3-year highThe Indian rupee and 10-year bond prices fell for the third session on worries of fiscal slippage and higher inflation pressure after international crude oil prices hit a three-year high. At 12.30pm, the home currency was trading at 63.83 against the dollar, down 0.18% from its Tuesday’s close of 63.72. The 10-year bond yield was at 7.431%, a level last seen on 30 June 2016, compared to its previous close of 7.367%.
12.45 pm IST PSU Banks stocks fallPSU Banks fell. IDBI Bank fell 2.1%, Canara Bank 1.9%, Bank of India 1.9%, Punjab National Bank 1.8%, Bank of Baroda 1.6%, Andhra Bank 1.6%, Syndicate Bank 1.4%, Oriental Bank of Commerce 1.4%, Union Bank of Commerce 1.1%, State Bank of India 0.6%.
12.43 pm IST Oil equipment companies shares trade higherOil equipment companies were trading higher after international crude oil surged. Aban Offshore Ltd rose 12%, Dolphin Offshore Enterprises India Ltd rose 8%, Oil Country Tubular Ltd rose 7%.
11.27 am IST Market updateBSE Sensex traded lower by 38.76 points, or 0.11%, to 34,404.43, while the Nifty 50 edged up 13.45 points, or 0.13%, to 10,623.55.
11.25 am IST Steel Strips Wheels gets new order from USSteel Strips Wheels Ltd said it has received an exports order from high potential US truck and trailer aftermarket for its truck steel wheels plant in Chennai. Shares traded 0.94% lower at Rs1165.
11.23 am IST Tata group global wholesales rise 23%Tata Motors Ltd said Tata group global wholesales rose 23% to 116,677 units in December 2017 from a year ago. Sales of Tata Motors’ commercial vehicles and Tata Daewoo range rose 53% to 47,182 units in December 2017. Global wholesales of passenger vehicles rose 8% to 69,495 units. Global wholesales of Jaguar Land Rover were 55,066 units.
11.20 am IST IDBI Bank considers preferential issue to governmentIDBI Bank said the board of directors will meet on 15 January to consider preferential issue of capital to government of India. Shares traded 0.55% lower at Rs62.80.
10.23 am IST Market updateBSE Sensex traded higher by 14.66 points, or 0.04%, to 34,457.85, while the Nifty 50 edged up 1.70 points, or 0.02%, to 10,638.70.
10.20 am IST Philips Carbon Black shares fall on share salePhilips Carbon Black Ltd fell 4% to Rs1,398 after FIL Investments (Mauritius) sold 2.32 lakh shares or 0.7% equity at Rs1,465.08 each.
10.17 am IST KSK Energy shares rise on share purchase by Societe GeneraleKSK Energy Ventures Ltd rose 5% to Rs16.61 after Societe Generale bought 54.17 lakh shares, or 1.3% equity, at an average price of Rs17.86.
9.40 am IST Infosys up nearly 1% after pact with US IRSInfosys Ltd rose 0.8% to Rs1,049 after the company said it has signed an advance pricing agreement with the US Internal Revenue Services. The pact would result in a reversal of $225 million of tax provisions.
9.37 am IST Electrosteel Steels shares rise 5%Electrosteel Steels Ltd rose 5% to Rs7.08 after the company said it received resolution plans from Tata Steel, Vedanta, Edelweiss ARC and Renaissance Steel. The stock hit 5% upper circuit for a fourth sessions.
9.35 am IST ONGC shares gain on rising oil pricesOil and Natural Gas Corp. Ltd rose 1.5% to Rs199.70 after international crude oil prices rose.
9.30 am IST Rupee opens marginally higher against US dollarThe Indian rupee on Wednesday was trading marginally higher against the US dollar in opening trade. The rupee opened at 63.66 a dollar, and was trading at 63.67 a dollar, up 0.07% from its Tuesday’s close of 63.72. The 10-year bond yield was at 7.419% compared to its previous close of 7.344%.
9.28 am IST Market updateBSE Sensex traded higher by 4.05 points, or 0.01%, to 34,447.24, while the Nifty 50 edged down 2.35 points, or 0.02%, to 10,634.65.