Highlights
- 10.40 am ISTMarket update
- 10.37 am ISTBandhan Bank shares jump 30% on market debut
- 10.35 am ISTFortis Healthcare shares rise on merger buzz
- 9.47 am ISTMarket update
- 9.45 am ISTBanking stocks extend gains
- 9.43 am ISTDilip Buildcon gets order worth Rs4,114 crore
- 9.40 am ISTEnterprising Indian states: leaders and laggards
- 9.37 am ISTBond yield falls 25 bps, rupee gains for 4th session against US dollar
- 9.30 am ISTMarket update
BSE Sensex and NSE’s Nifty 50 trade higher on Tuesday. Photo: Mint
- Mumbai: Benchmark indices BSE Sensex and NSE Nifty gained for the second session on Tuesday. Asian stocks rose after Wall Street rebounded on the first day of the trading week amid a slight easing in trade tensions. Meanwhile, government bond yields fell 25 basis points, their steepest decline in 52 months, after the government announced lower-than-expected borrowing programme for the first half of the fiscal year 2019. The rupee gained against the US dollar. Here are the latest updates from the markets:
- 10.40 am IST Market updateBSE Sensex traded higher by 94 points, or 0.28%, to 33,160.41, while the Nifty 50 gained 30.10 points, or 0.30%, to 10,160.75. All the sectoral indices on BSE, except telecom, traded higher with metal, basic materials, finance and capital goods leading the gains. BSE MidCap and SmallCap were up 0.85% and 1.25%, respectively.
- 10.37 am IST Bandhan Bank shares jump 30% on market debutShares of Bandhan Bank Ltd listed at 30% premium on the bourses on Tuesday after its Rs4,470 crore initial public offer (IPO), the largest ever by a bank, was subscribed 14.63 times last week. Bandhan Bank shares opened 29.33% higher on the BSE at Rs485 apiece, compared to the issue price of Rs375, which was the upper end of the price band of Rs370-375 per share.
- 10.35 am IST Fortis Healthcare shares rise on merger buzzFortis Healthcare shares were up 0.78% at Rs148.85 after Mint reported the boards of Manipal Health Enterprises Pvt. Ltd, and Fortis Healthcare Ltd will meet in the next couple of days to approve the proposed merger of hospital chains of Fortis and Manipal.
- 9.47 am IST Market updateBSE Sensex traded higher by 239.10 points, or 0.72%, to 33,305.51, while the Nifty 50 gained 73.65 points, or 0.73%, to 10,204.30.
- 9.45 am IST Banking stocks extend gainsBanking stocks gained further after the government announced lower than expected borrowing programme. Corporation Bank rose 5.5%, IDBI Bank rose 3.3%, Bank of Baroda 2.9%, Oriental Bank of Commerce 2.2%, Union Bank of India 2%, Allahabad Bank 2%, Indian Bank 2%, Syndicate Bank 1.9%, Bank of India 1.9%, Punjab National Bank 1.8%, Andhra Bank 1.6%, State Bank of India 1.5%.
- 9.43 am IST Dilip Buildcon gets order worth Rs4,114 croreDilip Buildcon Ltd rose 2% to Rs 1005.50 after the company said it got order worth Rs 4114.50 crore by the National Highways Authority of India in the State of Karnataka and Maharashtra.
- 9.40 am IST Enterprising Indian states: leaders and laggardsThe final quarter of 2017 revealed that states, small and large, took measures to stand out as champions of innovation—both for entrepreneurs and industry looking to grow.
Enterprising Indian states: leaders and laggards https://t.co/WbXSEcvbpL
— Livemint (@livemint) March 26, 2018 - 9.37 am IST Bond yield falls 25 bps, rupee gains for 4th session against US dollarGovernment bond yields fell 25 basis points, their steepest decline in 52 months, on Tuesday after the government announced lower-than-expected borrowing programme for the first half of the fiscal year 2019. Meanwhile, the rupee gained against the US dollar. Yield on India’s benchmark 10-year government bonds was trading at 7.371%, down 25.20 basis points—its biggest decline since 25 November 2013—compared to its Monday’s close of 7.623%. Bond yields and prices move in opposite directions.
- 9.30 am IST Market updateBSE Sensex traded higher by 137.64 points, or 0.42%, to 33,204.05, while the Nifty 50 gained 44.35 points, or 0.44%, to 10,175.