Highlights
- 9.35 am ISTInfosys shares rise ahead of earnings
- 9.33 am ISTJindal Steel shares fall following CBI charges
- 9.30 am ISTWelspun Enterprises shares gain on pact with Madhya Pradesh
- 9.28 am ISTRupee opens marginally lower against US dollar
- 9.25 am ISTMarket update
BSE Sensex and NSE Nifty opened little changed on Thursday. Photo: Mint
- Mumbai: Benchmark indices opened little changed on Thursday. BSE Sensex rose marginally in the opening trade, while the Nifty 50 edged down in the morning hours. The rupee weakened marginally against US dollar in the opening trade. Traders are cautious ahead of the Index of Industrial Production (IIP) data for November and Consumer Price Inflation (CPI) for December due to be released on 12 January. Markets will also await earnings from bluechips this week, with TCS reporting its December quarter results today and Infosys lined up for Friday. Infosys, Tata Motors and ONGC were top gainers, whereas Wipro, Coal India and Yes Bank shares fall. Here are the latest updates from the markets:
- 9.35 am IST Infosys shares rise ahead of earningsInfosys Ltd rose 1% to Rs1,060 ahead of its December quarter earnings due on Friday. According to 18 Bloomberg analysts’ estimate, the company may post a net profit of Rs3,601.60 crore, while net sales will be at Rs17,836.90 crore.
- 9.33 am IST Jindal Steel shares fall following CBI chargesJindal Steel and Power Ltd fell 2% to Rs257.05 after CBI presses bribery charge against Naveen Jindal for irregularities in the allocation of a Jharkhand coal block.
- 9.30 am IST Welspun Enterprises shares gain on pact with Madhya PradeshWelspun Enterprises Ltd rose 2% to Rs192.40 after the company entered into a concession pact with Madhya Pradesh government for Dewas water supply project.
- 9.28 am IST Rupee opens marginally lower against US dollarThe Indian rupee weakened marginally against US dollar in the opening trade. The rupee opened at 63.67 a dollar. At 9.15am, the home currency was trading at 63.71 a dollar, down 0.17% from its Wednesday’s close of 63.60. The 10-year bond yield was at 7.238% compared to its previous close of 7.26%.
- 9.25 am IST Market updateBSE Sensex inched up by 19.71 points, or 0.06%, to 34,452.75, while the Nifty 50 edged down 2.50 points, or 0.02%, to 10,629.70.