Highlights
- 12.15 pm ISTMarket update
- 12.12 pm ISTCity Union Bank profit rises in Q3
- 11.02 am ISTMarket update
- 10.58 am ISTTata Motors shares gain on January sales data
- 10.55 am ISTMcNally Bharat Engineering shares gain 5%
- 10.53 am ISTHindustan Unilever shares fall
- 10.23 am ISTMarket update
- 10.20 am ISTEicher Motors shares rise ahead of earnings
- 10.17 am ISTCadila Healthcare shares fall on report of USFDA inspection
- 10.15 am ISTKEC International shares jump 5% on receipt of new order
- 9.42 am ISTHero MotoCorp shares rise on Q3 profit
- 9.40 am ISTLupin shares down 2% as profit declines in Q3
- 9.37 am ISTBajaj Electricals shares gain on new order
- 9.35 am ISTRBI monetary policy today: What to watch out for
- 9.33 am ISTRupee strengthens against US dollar ahead of RBI policy
- 9.30 am ISTMarket update
BSE Sensex and NSE Nifty trade lower on Wednesday. Photo: Mint
- Mumbai: BSE Sensex opened higher on Wednesday against the previous session’s closing. The broader Nifty 50 also rose in the morning hours. The Indian rupee strengthened against the US dollar on Wednesday ahead of the Reserve Bank of India’s (RBI) interest rate decision due after 2.30pm. Analysts expect the RBI to keep interest rates on hold on expectations that inflation may accelerate further due to higher crude oil prices and a proposed hike in minimum support prices (MSPs) for farmers in the budget. Here are the latest updates from the markets:
- 12.15 pm IST Market updateBSE Sensex traded lower by 92.14 points, or 0.27%, to 34,103.80, while the Nifty 50 fell 26.35 points, or 0.25%, to 10,471.90. Meanwhile, MidCap was up 0.49% and SmallCap rose 1.55%.
- 12.12 pm IST City Union Bank profit rises in Q3City Union Bank Ltd reported a net profit of Rs155 crore in the December 2017 quarter versus Rs127 crore a year ago. Interest earned in the quarter was Rs865 crore, up from Rs811 crore a year ago. Shares fall 1.38% to Rs153.75.
- 11.02 am IST Market updateBSE Sensex traded higher by 3.89 points, or 0.01%, to 34,199.83, while the Nifty 50 rose 14.65 points, or 0.14%, to 10,512.90.
- 10.58 am IST Tata Motors shares gain on January sales dataTata Motors Ltd shares gained 2.26% to Rs382.90 after the company said its total Jaguar Land Rover sales rose 3% to 49,066 units in January.
- 10.55 am IST McNally Bharat Engineering shares gain 5%McNally Bharat Engineering Co. Ltd shares rose 5% to Rs60 after the company said it got order worth Rs 68.30 crore.
- 10.53 am IST Hindustan Unilever shares fallHindustan Unilever Ltd shares fell 1.2% to Rs1,312 after the company said in a investor presentation that it believes short term stress in the sector.
- 10.23 am IST Market updateBSE Sensex traded higher by 157.17 points, or 0.46%, to 34,353.11, while the Nifty 50 rose 56.30 points, or 0.54%, to 10,554.55. MidCap was up 1.30% and SmallCap rose 2.41%.
- 10.20 am IST Eicher Motors shares rise ahead of earningsEicher Motors Ltd shares were up 1% to Rs27,829.95 ahead of its December quarter earnings. According to 20 Bloomberg analyst estimates, the company may post a net profit of Rs538 crore while net sales will be at Rs2,221.50 crore.
- 10.17 am IST Cadila Healthcare shares fall on report of USFDA inspectionCadila Healthcare Ltd shares declined 3% to Rs393.40 after Bloomberg reported that USFDA said to conduct surprise inspection at its Moraiya unit.
- 10.15 am IST KEC International shares jump 5% on receipt of new orderKEC International Ltd shares rose 5% to Rs364.35 after the company said it has received an order worth Rs2,035 crore.
- 9.42 am IST Hero MotoCorp shares rise on Q3 profitHero MotoCorp Ltd shares gained 2% to Rs3,608.85 after the company reported a profit of Rs805.43 crore for the quarter ended in December, up 4.3% from Rs772.05 crore in the year-earlier period.
- 9.40 am IST Lupin shares down 2% as profit declines in Q3Lupin Ltd shares fell 2% to Rs786.25 after it reported a 65% drop in its December quarter net profit to Rs221.70 crore against Rs426 crore a year ago.
- 9.37 am IST Bajaj Electricals shares gain on new orderBajaj Electricals Ltd shares rose 5% to Rs468.10 after the company said it received an order worth $4.10 million in Zambia.
- 9.35 am IST RBI monetary policy today: What to watch out for While RBI is likely to keep the policy rates unchanged, it is expected to highlight the risks to its policy trajectory from rising inflation and higher fiscal slippage.
RBI monetary policy today: What to watch out for https://t.co/OMt3vTnnGH
— Livemint (@livemint) February 7, 2018 - 9.33 am IST Rupee strengthens against US dollar ahead of RBI policyThe Indian rupee strengthened against the US dollar. Gains in the global equity and currencies market also supported the home currency. The rupee was trading at 64.06, up 0.29% from its previous close of 64.25. It opened at 64.11 a dollar. India’s 10-year bond yield was at 7.565% from its Monday’s close of 7.568%. Bond yields and prices move in opposite directions.
- 9.30 am IST Market updateBSE Sensex traded higher by 264.27 points, or 0.77%, to 34,460.21, while the Nifty 50 rose 82 points, or 0.78%, to 10,580.25.