5:00pm: The Indian rupee closes at 63.52 against the US dollar, up 0.07% from its previous close of 63.56. It had opened at 63.49 and rose as much as 63.46 per dollar, a level last seen on 15 May.

3:30pm: The S&P BSE Sensex closes 1.52%, or 414.04 points, higher at 27,730.21, while the CNX Nifty ends 1.56%, or 128.15 points, higher at 8,353.10 as world markets rose following a new Greek plan to avoid debt default.

2:44pm: The 30-share Sensex is trading 1.68%, or 457.98 points, higher at 27,774.15, while the CNX Nifty is up 1.68%, or 138.30 points, at 8,363.25 as rate sensitive stocks rose on hopes monsoon may lead to an earlier-than-expected rate cut by the Reserve Bank of India.

Indian stocks also extended their gaining streak for a seventh consecutive session as investors snapped up risky assets on optimism that Greece and its international creditors will strike a last-minute deal that will see Athens avert default.

2.05pm: The 30-share Sensex is up 1.46%, or 398.69 points, to 27,714.86 points, while the Nifty trades 1.55%, or 127.35 points, higher at 8,352.30 points.

1:58pm: All sectoral indices are trading in the green on BSE. The Realty Index is up 4.9%, followed by BSE Bankex and BSE Power Index, which are up 2.9% and 1.6%, respectively.

1:32pm: The S&P BSE Sensex surges 376.93 points, or 1.38%, to 27,693.10.

1:25pm: Indiabulls Real Estate Ltd surges 27% to 53.40 on news that Sameer Gehlaut, co-founder and chairman of the Indiabulls Group, will invest .538 crore in Indiabulls Real Estate Ltd, raising his stake in the property developer to 37% from 27%. Read more.

1:10pm: IIFL Holdings jumps 2.6% after the company received the approval of the insurance regulator— Insurance Regulatory and Development Authority (Irda)—for the transfer of 75% shareholding in India Infoline Insurance Brokers to Orpheus Trading.

12:50pm: HDFC Bank is currently trading 2% higher after the bank entered into partnership with Manipal Global to set up the Leadership Academy for Branches (LAB). The one-month residential programme is being rolled out to groom the HDFC bank managers for branch-head positions.

12:37pm: The S&P BSE Sensex is currently trading higher by 318.58 points, or 1.17%, at 27,634.75.

12:25pm: Dish TV is trading up 0.5% as the direct-to-home service provider is looking to add up to 1.7 million net subscribers in FY16. The company added 1.5 million net subscribers in 2013-14.

12:10pm: Tata Motors is currently trading 2.2% higher after the company said it has sold 3000 GenX Nanos in a month of its launch. The company has delivered 1,000 cars to buyers and is in process of delivering another 2,000 units. The response compares favourably with an average monthly sale of 1,400 cars that the previous version did last year.

11:50am: Mastek Ltd shares jump 5% to 152.30 on reports that Cover-All Technologies will consider a possible merger with Majesco—the US subsidiary of Mastek.

Cover-All was acquired by Majesco in December 2014 in an all-stock deal. Majesco India holds 69.7% in Majesco US, while Cover-All holds 16.5% following the acquisition deal. Majesco India is fully-owned by Mastek.

11:25am: The S&P BSE Sensex is now up 251.94 points, or 0.92%, to 27,568.11.

11:20am: Banking stocks gain. NSE’s sub-index for banks is up 1.9%, on track towards its biggest daily gain since 13 May. Bank of Baroda gains 3.6%, Yes Bank rises 3.3%, Kotak Mahindra Bank advances 3.1%.

Axis Bank Ltd rallies 3%, the most since 13 May, and HDFC Bank gains 2.2%. ICICI Bank Ltd advances 1.5% and State Bank of India (SBI) adds 1.3% in a fifth day of advance.

11:00: Stocks linked to rural economy rise on hopes progress in 4-month monsoon season will boost sales. Marico Ltd gains 1.1%, tractor maker Escorts is up 2.2%, while Hero MotoCorp advances 1.2%. Mahindra and Mahindra Ltd rises 0.2% adding to Friday’s 4.1% gain.

The south-west monsoon rains have been 11% above normal so far in June. Rainfall has been 20% above normal between 11 June and 17 June, a chart on the weather department’s website shows.

10:39am: The S&P BSE Sensex is now trading at 27,572.76, up 256.59 points, or 0.94%.

10:32am: Lupin Ltd gains 1.59% to 1,845.25 as it replaced Tata Power Co. Ltd on the BSE benchmark index Sensex effective Monday.

10:26am: Bharti Shipyard Ltd climbs 4.7% to 14.35 as Edelweiss Asset Reconstruction Co. Ltd, which bought bad loans worth 8,500 crore taken by Bharati Shipyard Ltd, has found that half of that debt is unsustainable. The asset reconstruction firm plans to request Bharati’s lenders to convert half of the debt it purchased to equity shares at a meeting to be held on Monday.

10:22am: Financial Technologies India Ltd inces up 0.64% to 156.40 as it has entered into a share purchase agreement to divest a 16.6% stake in Indian Energy Exchange (IEX) for 357.06 crore.

10:17am: Crisil Ltd jumps 3.3% to 1,971.55 as the board of directors approved the buyback of the compay’s shares not exceeding 102 crore (at a price not exceeding 2,310 per equity share).

10:12am: Oberoi Realty rises 3.58% to 306.60 as the company plans to raise 324.5 crore selling shares to Atrium on a preferential basis at a price of 295 per share.

10:06am: Tata Steel is trading up 1.12% to 308.20 as the company says UK unions suspend strike after agreeing with the company’s pension proposal and Moody’s says it is to benefit from rise in steel import duties.

10:01am: State Bank of India gains 0.67% to 261.90 as it plans to launch its second dollar bond sale of the fiscal year to raise $1.5 billion or more. SBI wants to utilize the available window to borrow at a low cost before the US Federal Reserve raises rates this year, reported The Economic Times.

9:56am: Infosys Ltd gains 0.53% to 1,002.05 as Hrvatska Postanska Banka (HPB), a state-owned financial institution in Croatia, has selected Infosys Finacle payments solution to deliver bespoke payment offerings and superior customer experience.

9:52am: Indiabulls Real Estate Ltd surges 10% to 46.25 as the company approves preferential share sale of 538 crore to the promoter group at an issue price of 67 apiece, a premium of 59% from Friday’s closing price of 42.05 per share.

9:50am: Reliance Industries shares hit an eight-month high of 1,008.70 apiece, but later slipped to trade 0.65% lower at 990.

9:47am: The S&P BSE Sensex is trading up 219.52 points, or 0.8%, to 27,535.69, while the CNX Nifty on the National Stock Exchange (NSE) is trading at 8,294.90, up 69.95 points, or 0.85%.

9:30am: Indian stocks continue to rise after the benchmark S&P BSE Sensex posted its biggest weekly gain in five months.

9:25am: The yield on India’s 10-year benchmark bond is trading at 7.69% compared with its Friday’s close of 7.71%.

9:20am: The Indian rupee strengthens 63.48 per dollar compared with its previous close of 63.56, tracking gains in Asian currencies. Read more.

9:15am: The dollar strengthens to 122.78 yen from 122.73 yen on Friday. The euro rises to $1.1378 from $1.1356.

9:10am: Benchmark US crude loses 10 cents to $59.51 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude falls 11 cents to $62.91 a barrel after falling $1.24 to $63.02 a barrel on Friday.

9:05am: Japan’s Nikkei 225 gains 0.8% to 20,335.31 and Hong Kong’s Hang Seng rises 0.3% to 26,852.00. South Korea’s Kospi adds 0.2% to 2,051.94. Australia’s S&P ASX/200 loses 0.3% to 5,578.40. Shares in Jakarta fall but other markets in Southeast Asia are higher. China’s financial markets are closed for a national holiday after a tumble on Friday when the Shanghai Composite dived 6.4%, taking it 13% lower for the week after more than doubling in the past year.

9:00am: Asian stock markets are mostly higher as investors shrugged off the latest twist in Greece’s cash crunch crisis.

8:55am: A rally that pushed a key index to a record high petered out on Friday. Despite the losses, the market still ended with its best week in nearly two months after getting a boost from the Federal Reserve on Wednesday. The Standard and Poor’s 500 lost 11.48 points, or 0.5%, to 2,109.76. The Dow Jones industrial average fell 99.89 points, or 0.6%, to 18,015.95. The Nasdaq composite slid 15.95 points, or 0.3%, closing at 5,117.

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