5:00pm: The rupee closes at 63.83 per dollar, down 0.24% from its previous close of 63.67.

3:30pm: The S&P BSE Sensex closed 0.69%, or 191.68 points, higher at 27,837.21, while the CNX Nifty ends 0.69%, or 57.60 points, higher at 8,423.25.

3:11pm: The S&P BSE Sensex is trading 0.71%, or 196.24 points, higher at 27,841.77, while the CNX Nifty trades 0.70%, or 58.95 points, higher at 8,424.60.

Reliance Communication Ltd (R-Com) falls 3.94% to 65.90. R-Com’s sale of Indian wireless infrastructure assets has drawn interest from companies including American Tower Corp., Bloomberg reported on 19 April.

Tata Steel Ltd falls 1.70% to 361.90 ahead of its March quarter results. According to 19 Bloomberg analysts, the company may report 79% down in its net profit from a year ago to 217 crore in March quarter.

DLF Ltd declines 0.64% to 123.40 ahead of its March quarter results due later today. According to 10 Bloomberg analysts, the company may report net profit of 172.10 crore while net sales will be at 2,228.50 crore.

2:31pm: The S&P BSE Sensex is now trading at 27,833.36, up 187.83 points, or 0.68%. The top two gainers among the Sensex stocks are Wipro Ltd and Tata Power, both up 2% each.

2:03pm: European shares are mixed following Tuesday’s 1.65% surge, unable to draw much of a boost from the euro’s weakness against the backdrop of increasing uncertainty over Greece. The FTSEurofirst 300 index of leading shares was flat at 1606 points, while Germany’s DAX, France’s CAC 40 and Britain’s FTSE 100 are all down around 0.2%.

2:00pm: The euro slides to a two-week low and a rally in European shares stall after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund.

1:45pm: Tokyo’s stock market hits a 15-year high as Seoul and Shanghai also rises, but Hong Kong and other Asian markets retreat after recent gains.

Tokyo rises 0.85%, or 170.18 points, to 20,196.56—its highest since April 2000—although car parts maker Takata plunged after a recall of US cars fitted with the firm’s airbags doubled to 34 million.

12:57pm: The S&P BSE Sensex is trading up 173.06 points, or 0.63%, to 27,818.59.

12:35pm: Tata Power shares gain as much as 5.2% to 79.80 in intra-day trade. The company posted a consolidated net profit of 159.14 crore for the March quarter against a loss of 145.33 crore in the same quarter of previous fiscal. Shares are currently trading 2.5% higher.

12:15pm: Persistent Systems Ltd shares gain 2.5% after CLSA starts coverage on the stock with a “buy" rating and set a target of 1,000 per share.

CLSA says the company is closest digital pure play among Indian IT companies, adding it can expand its addressable market beyond a hi-tech vertical that can power revenue’s compunded annual growth rate (CAGR) from 14% over FY12-15 to 17% during FY15-18.

11:50am: Bharat Forge Ltd shares gain 2.6% as traders expect results to beat estimates due to positive surprise on margins. A company spokesman declines to comment. Company’s January-March results are due later today.

11:33am: The S&P Bse Sensex is trading at 27,851.70, up 206.17 points, or 0.75%. The Nifty is up 59.45 points, or 0.71%, to 8,425.10.

11:20am: UBS says India is still an FII favourite despite recent sales. Foreign investors have trimmed India positions, but it is still a favoured market, according to UBS.

11:15am: Reliance Industries Ltd rises 1% to 904.30. The company said in a notice to BSE that it is seeking its shareholders approval to raise up to 10,000 crore through non-convertible debenture issue. The company will hold annual general meeting on 12 June.

11:05am: Steel Strips Wheels Ltd is up 11% to 335 after the company said it has got an export order from Canadian passenger car wheels. The company sees export order value of about $1 million a year and also sees revenue addition of $4.5 million.

10:58am: MBL Infrastructures Ltd climbs 6.6% to 620 after the company said in a notice to BSE that its board will consider bonus issue on 12 May.

10:50am: Span Diagnostics Ltd surges 8.4% to 58.55 after the company said that its board will meet to consider buy-back of shares on 30 May.

10:42am: The S&P BSE Sensex is currently trading at 27,884.05, up 238.52 points, or 0.86%.

10:30am: DLF Ltd rises 2.3% to 127 ahead of its March quarter earnings due later today. According to 10 Bloomberg analysts, the company may report a net profit of 172.10 crore, while net sales will be 2,228.50 crore.

10:24am: PVR Ltd jumps 2.5% to 657.90. PVR is in negotiations to acquire multiplex chain DT Cinemas, a subsidiary of DLF Ltd. The size of the deal is estimated to be around 500 crore. Read more.

10:18am: Pidilite Industries Ltd declines 3.4% to 590.05 after the company reported a 12.9% decline in net profit to 77.22 crore in the March quarter compared with 88.63 crore a year ago.

10:13am: Glenmark Pharmaceuticals Ltd jumps 3.4% to 929.90 after the Reserve Bank of India (RBI) permitted foreign institutional investors (FIIs) to buy up to 49% stake in the company.

10:09am: Sequent Scientific Ltd drops 3.5% to 624 after the company said in a notice to BSE that it has decided the floor price for qualified institutional placement (QIP) to be 562.56 per share and that the company may offer a discount of not more than 5% on the floor price.

10:05am: Sonata Software Ltd rises 3.5% to 170.6 after the company reported net profit of 34.41 crore in the March quarter, up 57.69% from a year ago.

10:00am: Jamna Auto Industries Ltd surges 8.8% to 262.50 after the company reported 427.3% jump in net profit to 15.15 crore in March quarter compared with 2.87 crore a year ago.

9:52am: Dolphin Offshore Enterprises India Ltd falls 7.2% to 119 after the company’s consolidated net loss widened to 27.58 crore in the March quarter compared with 11.14 crore a year ago.

9:48am: Losers—Tata Steel Ltd falls 0.9% to 364.90 ahead of its March quarter earnings. According to 19 Bloomberg analysts, the company may report a 79% downgrade in net profit from a year ago to 217 crore in the March quarter.

9:45am: Gainers among Sensex stocks—Tata Power rises 3.4% to 78.40 after the company reported consolidated net profit of 159.14 core in the March quarter compared with net loss of 145.33 crore a year ago. ICICI Bank Ltd rises 1.6% to 320.10.

9:40am: BSE sectoral indices—The power, realty, IT, Bankex and Teck indices are top gainers, up 1% each. The metal index is the top loser, down 0.2%.

9:37am: The S&P BSE Sensex is trading up 225.35 points, or 0.82%, at 27,870.88, while the CNX Nifty of the National Stock Exchange (NSE) is trading at 8,432.60, up 66.95 points, or 0.8%.

9:35am: Earnings today—Bajaj Finance Ltd, Bajaj Finserv Ltd, Bharat Forge Ltd, Brigade Enterprises Ltd, BS Ltd, DLF Ltd, Era Infra Engineering Ltd, JB Chemicals and Pharamaceuticals Ltd, Lakshmi Machine Works Ltd, Tata Steel Ltd, Wabco India Ltd and Whirlpool of India Ltd.

9:30am: The equity markets open in the green after closing slightly lower on Tuesday.

9:25am: The yield on India’s 10-year benchmark bond is trading at 7.843% compared with its Tuesday’s close of 7.86%.

9:20am: The rupee weakens to 63.78 per dollar compared with its previous close of 63.67, tracking losses in Asian currencies.

9:14am: The dollar strengthens to 120.89 yen from 120.67 yen. The euro declines slightly to $1.1145 from $1.1147.

9:08am: Benchmark US crude gains 58 cents to $58.57 per barrel in electronic trading on the New York Mercantile Exchange. The contract plunges $2.25 to close at $57.99. Brent crude, used to price international oils, rises 69 cents to $64.71 per barrel.

9:03am: Japan’s Nikkei 225 rises 0.7% to 20,170.51 and South Korea’s Kospi gains 0.6% to 2,133.31. China’s Shanghai Composite Index advances 1.3% to 4,476.09. Stocks in Australia and in most Southeast Asian countries are higher. But Hong Kong’s Hang Seng is down 0.3% to 27,629.50. Markets in Singapore and Taiwan are lower.

9:00am: Asian stocks are mostly higher as a rebound in US home construction data and a surprise announcement by the European Central Bank to frontload bond-buying sent the greenback higher, giving a boost to Asian exporters.

8:57am: The US Federal Reserve is set to release minutes from its April 28-29 meeting, when it downgraded its view of the U.S. economy and offered no sign that a rate increase might be coming soon.

8:55am: The US stock market slipped back from its latest record high. The S&P 500 lost 1.37 points to 2,127.83. The Nasdaq composite dipped 0.2% to 5,070.03. The Dow Jones industrial average edged up 0.1% to 18,312.39.

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