5:00pm: The Indian rupee closes at 63.42 against the US dollar, down 0.05% from its previous close of 63.39. Read more

3:30pm: The S&P BSE Sensex closes 0.95%, or 265.39 points, higher at 28,198.29, while the Nifty closes 0.82%, or 69.70 points, up at 8,523.80.

3:06pm: The S&P BSE Sensex is trading 0.88%, or 246.08 points, higher at 28,178.98, while the CNX Nifty is trading up 0.75%, or 63.45 points, at 8,517.55.

2:12pm: Shares of PSU public sector banks are trading lower. Oriental Bank of Commerce is down 2.4%, Allahabad Bank 2.2%, Bank of India 1.6%, Indian Overseas Bank 1.6%, Union Bank of India 1.2%, Syndicate Bank 1.1%, Bank of Baroda 1%, Punjab National Bank 1% and Canara Bank 0.8%.

2:06pm: The S&P BSE Sensex is currently trading higher by 272.11 points, or 0.97%, to 28,205.01.

1:58pm: The India VIX Index slides 2.7% to 15.58, taking its loss over a five-day period to 12%.

1:35pm: Zee Entertainment Enterprises (ZEE) shares gain nearly 3% after the company reported a 15.76% increase in its consolidated net profit at 243.76 crore for the first quarter of 2015-16.

1:15pm: European stocks are little changed after their biggest five-day gain since 2011, as Greece’s parliament prepared to vote on a package aimed at winning more aid. The Stoxx Europe 600 Index loses 0.1% to 397.91 at 9:18am in London. Optimism over Greece helped the benchmark gauge rebound 6.9% from a 7 July low through Tuesday, after falling almost 10% from an April record.

12:50pm: Shares of National Aluminium Co are up 1.8% as the company was scouting for coal properties and planning to construct a $3 billion smelter complex in Iran, according to media reports.

12:25pm: Shares of erstwhile Indian exporters to Iran gain after landmark nuclear deal. Rice exporter KRBL is up 1.9%, while Punj Lloyd gains 2.9%. Shares of oil rig provider Aban Offshore, a third of whose revenues comes from Iran, rise 3.5%, adding to Tuesday’s 16.1% surge.

12:05pm: The S&P BSE Sensex is now up 262.09 points, or 0.94%, to 28,194.99.

11:55am: Maruti Suzuki jumps as much as 2.4%, hitting an all-time high of 4,147.70, after Credit Suisse increases target price on the stock to 5,100 from 4,370 rupees, while maintaining its “outperform" rating.

Credit Suisse increased Maruti’s domestic volume growth estimate for FY17 to 23% from 17%. It said an expected hike in salaries of government employees based on the recommendations of the 7th Pay Commission will result in higher sales for Maruti. About 25% of central government and 20% of state government employees will become eligible car buyers, making about 3 million employees target customers for Maruti, according to Credit Suisse.

11:28am: Adhunik Metaliks surges rose 20% to 18.80 after the company said in a notice to BSE that its arm Orissa Manganese and Minerals Ltd has granted extension of lease for their three manganese ore mines till March 2020 under merchant category. The requisite stamp duty and registration charges have already been deposited to the state government of Odisha. Patmunda mine has already re-started operation. OMML has requested the government to extent the lease of these mines for further 10 years under captive clause.

11:10am: Aban Offshore Ltd climbs 4% to 334.50 after Iran clinched nuclear agreement with Western countries. The company will be able to obtain cheaper US and European financing following the easing of some sanctions on Iran, the Indian company’s biggest market. The company will also be able to cut its cost of debt by as much as 2.5 percentage points as the easing of sanctions allows Aban to borrow from European and US banks, a route previously closed, according to Bloomberg.

10:56am: The S&P BSE Sensex is trading higher by 234.90 points, or 0.84%, to 28,167.80.

10:40am: NIIT Ltd advances 5.9% to 54.15, Aptech Ltd is up 4.8% to 69.40 and Educomp Solutions Ltd climbs 9.5% to 13.03 ahead of launching national skill mission by Prime Minister Narendra Modi later today. The scheme aims to create a large pool of skilled workforce required to sustain Modi’s ambitious ‘Make in India’ initiative.

10:28am: Oil and Natural Corp. Ltd rises 1.6% to 293.75 after the company said it planning to review $6 billion Iran investment.

10:20am: Sun TV Network Ltd is down 2.4% to 272.65. An inter-ministerial panel is learnt to have rejected the Sun Group’s application to participate in the next-stage FM radio auctions, indicating that the licence renewal request of the Chennai-based network’s 33 TV channels—hanging fire after home ministry denied them security clearance—could suffer the same fate.

10:12am: Jindal Steel and Power Ltd falls 1.6% to 81.50 after the company said in a notice to BSE that one of its promoter has pledged 3.49% stake in the company with Axis Trustee Services Ltd.

10:07am: Kopran Ltd climbs 2.7% to 61.90 after the company said in a notice to BSE that its board approved the sale of consumer care division with effect from 1 April 2015 along with all its assets and liabilities.

10:00am: DLF Ltd inches up 1.6% to 116.40. The company plans to raise 2,500-3,000 crore by next month through private equity and is also in talks with Singapore government’s investment arm GIC to sell stake in a new housing project there.

9:55am: Maruti Suzuki India Ltd rises 2.1% to 4,133.65 after rating firm Credit Suisse upgraded the stock.

9:50am: Sectoral indices—the BSE capital goods index is the top gainer, up 0.9%, followed by BSE auto which is up 0.8%. The BSE Bankex and power indices are up 0.4% each.

9.45am: The 30-share S&P Sensex is trading higher by 0.69%, or 192.54 points, at 28,125.44, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is up 0.61%, or 51.25 points, to 8,505.35.

9:35am: Indian stocks gain for the first time in three days after consumer prices in June accelerated to an eight-month high, while wholesale inflation declined more than forecast.

9:30am: The yield on India’s 10-year benchmark bond is trading at 7.821% compared with its Tuesday’s close of 7.831%. Bond yields and prices move in opposite directions.

9:22am: The Indian rupee opens marginally higher at 63.36 per dollarcompared with its previous close of 63.39. Read more.

9:15am: The dollar rises to 123.45 yen from 123.35 yen in the previous session. The euro is nearly unchanged at $1.101.

9:10am: US crude is up about 0.4% at $53.27 a barrel, while Brent crude adds 0.3% to $58.68.

9:08am: Japan’s Nikkei stock index advances 0.4% as the Bank of Japan kept monetary policy steady as expected and mostly maintained its upbeat inflation forecasts, even as it cut its growth outlook on soft exports and household spending.

9:05am: MSCI’s broadest index of Asia-Pacific shares outside Japan is flat as Chinese shares skid, with Shanghai’s benchmark composite index is down 2.5%, and the CSI300 index of the largest listed companies in Shanghai and Shenzhen falling 2.6%.

9:00am: Asian stocks erase most of their gains as Chinese shares slump despite upbeat economic data.

8:55am: Wall Street stocks climbed broadly on Tuesday. The S&P 500 increased 9.35 points, or 0.5%, to 2,108.95. The Dow Jones industrial average gained 75.90 points, or 0.4%, to 18,053.58. The Nasdaq composite climbed 33.38 points, or 0.7%, to 5,104.89.