Live markets: Rupee closes weaker against US dollar at 64.067 min read . Updated: 12 Jun 2015, 06:44 PM IST
Here are the key developments affecting the domestic and international markets today
Here are the key developments affecting the domestic and international markets today
5:00pm: The Indian rupee closes weaker against US dollar at 64.06, compared with its previous close of 63.98 ahead of the Consumer Price Index (CPI)-based inflation and the index of industrial production (IIP) data due after 5.30pm.
3:30pm: The Sensex, Nifty close marginally higher amid consolidation. The Sensex rises 0.21%, or 54.32 points, to close at 26,425.30, while the Nifty gains 0.22%, or 17.55 points, to end at 7,982.90.
2:58pm: The S&P BSE Sensex gains 0.19%, or 49.98 points, to 26,420.96, while the Nifty adds 0.15%, or 12.30 points, to 7,977.65 in choppy trade. Shares of Infosys fell 1.46% to ₹ 1972.65, while those of Tata Consultancy Services Ltd fell 2.76% to ₹ ,500 after a news report said that the US government has opened an investigation against two of the biggest Indian outsourcing companies for possible violations of H1-B visa rules.
2:32pm: The S&P BSE Sensex slips into the read and is now trading 38.43 points, or 0.15%, down to 26,332.55.
2:10pm: Bharti Airtel is trading 2.6% higher after the company launched its 4G services on dongles, Wi-Fi CPEs (customer premise equipment), Mi-Fi and Wi-Fi dongles in Ambala (Haryana). With this, Haryana becomes eighth circle in the country to get its customers to get Airtel 4G speeds in India. The company’s 4G services, however, is not available on mobile devices like smartphones or tablets. The launch in Ambala also raises hope of getting the 4G service in Delhi NCR soon.
1:30pm: Richa Industries is currently trading at ₹ 22.95, up 0.9%, after the construction and engineering company secured an order from Sam (India) for construction of depot cum workshop for Lucknow Mass Rapid Transit System.
1:00pm: Glenmark Pharmaceuticals is up 0.7% after the company announced it has been granted final approval by the US FDA for Calcipotriene Cream, 0.005%, the therapeutic equivalent of Dovonex Cream, 0.005% of Leo Pharma. Glenmark plans to commence shipping of Calcipotriene Cream, 0.005% immediately.
12:39pm: The Sensex is up just 20.29 points, or 0.08%, to 26,391.27.
12:35pm: Infosys Ltd slips 0.14% to ₹ 1,999, while TCS is down 0.6% to ₹ 2,554.55 after a PTI report said that the US government has opened an investigation against two of the biggest Indian outsourcing companies for possible violations of H1-B visa rules. Earlier in the morning, Infosys had gained around 1.1%, while TCS was up 0.7%. Read more.
12:22pm: Tata Power Co Ltd is trading up 2.4% to ₹ 71.80. The company plugs into RBI’s 5:25 scheme and is close to tying up refinancing facility for ₹ 10,000 crore. This has been confirmed by the management. The company is looking to restructure the rupee debt taken for Mundra UMPP.
12:08pm: The S&P BSE Sensex is trading up 93.35 points, or 0.35%, higher at 26,464.33.
12:00pm: Reliance Industries shares rise 1.7% after chairman mukesh Ambani announced that Reliance Jio will rolll out telecom services in December 2015. Read more.
11:45am: Technicals point to increasing probability of 7,000 on NSE Nifty index. Bearish patterns on Nifty indicate increasing probabilities of declines till 7,200 level
Bearish head-and-shoulder and cross of 50 DMA from above of 200 DMA worries investors. The 50-share index broke its psychologically important 8,000 level on Thursday for the first time since 21 October.
11:25am: AstraZeneca Pharma India Ltd falls as much as 5.7%, after gaining 26.7% in the last three sessions till Thursday, on profit-booking. Investors outpoint gains were due to increasing focus of the parent in listed unit vs 100% unlisted subsidiary.
11:02am: The S&P BSE Sensex is trading higher by 45.90 points, or 0.17%, to 26,416.88.
10:55am: Shares of Essar Oil Ltd are up over 14% to ₹ 134.40 on the back of higher volumes. In the last three trading sessions, the stock has gained around 36%.
10:45am: Jubilant Life Sciences Ltd advances 4.9% to ₹ 175 after the US Food and Drug Administration (FDA) upgraded the Spokane facility.
10:35am: Shares of Mastek Ltd are down 67.45% to ₹ 142.50 on BSE after the company turned ex-Majesco from today. The stock of Mastek will be traded without the insurance business, which will be demerged to Majesco. The record date for the demerger has been fixed at 15 June. Mastek’s subsidiary Majesco is all set to debut on NYSE in the next few days and in the domestic market by August. The swap ratio has been fixed at 1:1, which means each Mastek shareholder as on the record date will get one Majesco share.
10:30am: ABG Shipyard Ltd surges 10.1% to ₹ 184.15 after the company clarified in a notice to BSE that it have received firm expression of interest from Privinvest. An earlier news report said that Germany-based Privinvest Holding is expected to buy up to 49% stake in the company, while the promoters of the company will continue as a minority shareholder after the deal.
10:25am: Unitech Ltd rises 5.7% to ₹ 7.58 after the news report said that the company plans to raise about ₹ 200 crore from private equity players to part finance its ongoing housing projects as real estate market continues to remain sluggish.
10:20am: Novartis India Ltd crashed 13% to ₹ 731 after the company said in a notice to BSE that it has not got any notice on delisting from founders.
10:18am: Electrosteel Steels Ltd climbs 3.2% to ₹ 4.15 the company said in a notice to BSE that it is in talks with the Tata Group and a Singapore-based financial investor for an investment in the company.
10:15am: Suzlon Energy Ltd rose 1.7% to ₹ 21.60. HSBC has raised its rating to “buy" from “hold" and also raised its target price by 6.3% to ₹ 30 per share, Bloomberg reported.
10:11am: Infosys Ltd is up 0.8% to ₹ 2016.50. Infosys aims to touch industry-level growth rates next year, if it manages to meet its 10-12% revenue growth forecast this year, reports Economic Times. Infosys has also created a special team looking specifically at mergers and acquisitions.
10:08am: GMR Infrastructure Ltd rises 1.7% to ₹ 12.74. In a statement to BSE on Thursday, GMR said the ministry “vide its order dated 11 June 2015 has directed the Airport Economic Regulatory Authority (AERA) under section 42(2) of the AERA Act, 2008 to adopt a hybrid till with 30% cross-subsidization for tariff determination".
10:04am: The S&P BSE Sensex is now trading up 30.08 points, or 0.11%, at 26,401.06.
10:02am: DLF Ltd inches up 1% to ₹ 109. US-based foreign fund house Oppenheimer has bought over 2.35 million shares in the realty company for about ₹ 31.37 crore and increased its stake to 5.12%.
9:58am: Varun Shipping Co. Ltd jumps 5% to ₹ 8.73 after Sebi revoked the directions issued against the company and its directors after the firm resolved all pending investor grievances.
9:55am: Indusind Bank Ltd falls 1% to ₹ 787.80. The bank’s shareholders have approved the sale of shares worth ₹ 600 crore to the promoters on a preferential allotment basis.
9:50am: Wipro Ltd rises 1% to ₹ 553.35. The company has initiated talks with UK-based outsourcing group Equiniti for a potential takeover that could be valued at about £1 billion or ₹ 9,900 crore, one of Wipro’s largest acquisitions, reports Economic Times.
9:46am: Reliance Industries Ltd rises 1% to ₹ 885.85 ahead of its annual general meeting (AGM) due later today. Investors are expecting RIL to spell out details for the 4G launch by its telecom venture Reliance Jio Infocomm, its strategy on expanding its fuel outlet network and earnings outlook from its expanded petrochemical capacity.
9:44am: Sectoral indices—BSE oil and gas index is the top gainer, up 0.4%, followed by IT and Teck indices, which are up 0.2% each. The BSE metal index is the top loser, down 0.8%.
9:40am: The Sensex is trading higher by 0.09%, or 24.92 points, at 26,393.78, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is down 0.06%, or 4.95 points, to 7,960.40.
9:35am: The stock markets are trading flat after a jittery session on Thursday. Investors seem to waiting for key economic data for fresh cues.
9:30am: The yield on India’s 10-year benchmark bond is trading at 7.859% compared with its Thursday’s close of 7.878%.
9:22am: The Indian rupee strengthens to 63.93 per dollar compared with its previous close of 63.98 ahead of the release of the consumer price index (CPI)-based inflation and index of industrial production (IIP) data due after 5.30pm. Read more.
9:18am: The improving US data helps the dollar index up to 95.023, and away from a near one-month low of 94.322 set on Wednesday. Against the yen, the greenback bought 123.48 yen, well off this week’s trough of 122.46.
9:13am: The euro had less luck as talks on Greece showed no sign of reaching a deal. The single currency was off at $1.1254, from a high of $1.1387 set on Wednesday.
9:08am: Oil prices dip after Saudi Arabia said it was ready to raise output further to meet strong demand. Brent crude oil for July falls 21 cents to $64.90 a barrel, while US crude loses 25 cents to $60.52.
9:03am: Japan’s Nikkei barely budged, though it found some support in a dollar bounce against the yen. Shanghai shares started higher but now trade flat.
9:00am: Asia share markets make guarded gains. Activity is sparse, with MSCI’s index of Asia-Pacific shares outside Japan up 0.3%, but only just above three-month lows.
8:55am: Wall Street closed on a positive note, with the Dow up 0.22%, while the S&P 500 added 0.17% and the Nasdaq 0.11%.