Highlights

12.15 pm ISTMarket update
12.13 pm ISTHester Biosciences shares jump over 7% as net profit rises
12.10 pm ISTTata Steel shares rise 4%
12.07 pm ISTDavos 2018: 5 things to know about the World Economic Forum
11.03 am ISTMarket update
11 am ISTRallies India shares fall as net profit slips in Q3
10.57 am ISTHathway Cable shares gain on block deal
10.53 am ISTKalpataru Power shares rise on new order
10.50 am ISTZee Entertainment shares decline after block deal
10.05 am ISTMetal stocks trade higher
10.02 am ISTAviation stocks rise
9.58 am ISTVakrangee shares gain on Q3 earnings
9.44 am ISTMarket update
9.40 am ISTONGC shares rise over 1%
9.35 am ISTAxis Bank shares trade higher on Q3 result
9.30am ISTRupee opens marginally higher against US dollar
9.27 am ISTMarket update

BSE Sensex and NSE Nifty trade higher on Tuesday. Photo: Mint

Mumbai: India’s benchmark indices opened at fresh record highs on Tuesday. The 50-share Nifty index hit the 11,000 mark, while benchmark 30-share Sensex index crossed the 36,000 mark for the first time to hit fresh record highs due to positive earnings and the government’s efforts to contain fiscal deficit target. The Indian rupee strengthened marginally against the US dollar. Tata Steel, Infosys, Dr. Reddy’s and ONGC were among major gainers, while Asian Paints, Tata Motors and Wipro were among the top losers. Here are the latest updates and developments from the markets:
12.15 pm IST Market updateBSE Sensex traded higher by 285.89 points, or 0.80%, to 36,083.90, while the Nifty 50 rose 94.25 points, or 0.86%, to 11,060.45.
12.13 pm IST Hester Biosciences shares jump over 7% as net profit risesHester Biosciences Ltd shares jumped 7.10% to Rs1,737.90 after the company said its December quarter profit rose to Rs6.5 crore versus a profit Rs5.82 crore a year ago. The company’s net sales stood at Rs31.93 crore versus Rs29.09 crore last year.
12.10 pm IST Tata Steel shares rise 4%Tata Steel shares traded 4% up at Rs782.15. The company said it has fixed 1 February as the record date for the purpose of rights issue of equity shares.
12.07 pm IST Davos 2018: 5 things to know about the World Economic Forum The world’s most powerful politicians will Tuesday start rubbing shoulders with titans of industry, screen stars and influential activists for a week of earnest discussions in Davos
Davos 2018: 5 things to know about the World Economic Forum https://t.co/UdkCKw8CsW
— Livemint (@livemint) January 23, 2018
11.03 am IST Market updateBSE Sensex traded higher by 240.63 points, or 0.67%, to 36,038.64, while the Nifty 50 rose 79.75 points, or 0.73%, to 11,045.95.
11 am IST Rallies India shares fall as net profit slips in Q3Rallies India Ltd fell 5.2% to Rs257 after the company posted 24% decline in its net profit to Rs25.08 crore in December quarter against Rs32.99 crore a year ago.
10.57 am IST Hathway Cable shares gain on block dealHathway Cable & Datacom Ltd rose 5% to Rs44.10 after huge block deal. Around 3 million shares of the company changed hands in 2 block deals, Bloomberg reported. However, details of the buyers and sellers were not known.
10.53 am IST Kalpataru Power shares rise on new orderKalpataru Power Transmission Ltd rose 10% to Rs524.50 after the company said it won order worth Rs871 crore.
10.50 am IST Zee Entertainment shares decline after block dealZee Entertainment fell 2% to Rs596 after huge block deal. Around 1.2% stake or 11.50 million shares of the company changed hands. However, details of the buyers and sellers were not known.
10.05 am IST Metal stocks trade higherMetal stocks trading higher. Tata Steel Ltd rose 2.2%, Jindal Steel & Power Ltd 5.2%, JSW Steel Ltd 4.5%, Hindalco Industries Ltd 4.2%, Steel Authority Of India 4%, Vedanta Ltd 3.1%.
10.02 am IST Aviation stocks riseAviation stocks trades higher. Jet Airways India Ltd was up 4.3%, InterGlobe Aviation Ltd rose 3.7%, SpiceJet Ltd 2%.
9.58 am IST Vakrangee shares gain on Q3 earningsVakrangee Ltd rose 5% to Rs492.90 after it reported 88% increase in its net profit to Rs247 crore. Revenue rose 84% to Rs1,802 crore.
9.44 am IST Market updateBSE Sensex traded higher by 210.51 points, or 0.59%, to 36,008.52, while the Nifty 50 rose 47.50 points, or 0.43%, to 11,013.70.
9.40 am IST ONGC shares rise over 1%ONGC shares rose 1.35% to Rs202.65. ONGC on Saturday signed a deal to acquire 51.11% stake in HPCL for Rs36,915 crore.
9.35 am IST Axis Bank shares trade higher on Q3 resultAxis Bank shares traded 1.82% up at Rs622.20 after the company reported a 25.3% increase in its fiscal-third quarter profit as the bank provided lower provisions against its bad loans. Net profit rose to Rs726.44 crore for the quarter ended 31 December from Rs579.57 crore a year ago.
9.30am IST Rupee opens marginally higher against US dollarThe Indian rupee strengthened marginally against the US dollar on Tuesday as local equity markets continued to hit fresh record highs. The rupee opened at 63.90 a dollar, and was trading at 63.82 a dollar, up 0.08% from its Monday’s close of 63.87. The 10-year bond yield was at 7.298% compared to its previous close of 7.264%.
9.27 am IST Market updateBSE Sensex traded higher by 171.70 points, or 0.48%, to 35,969.71, while the Nifty 50 rose 36.30 points, or 0.33%, to 11,002.50.