5:00pm: The Indian rupee closes stronger against the dollar at 63.86, up 0.13% from its previous close of 63.94 per dollar, tracking the gains in the local equity markets. The yield on India’s 10-year benchmark bond closed at 7.889% compared with its Friday’s close of 7.983%. Bond yields and prices move in opposite directions.4:16pm: The S&P BSE Sensex rose more than 1% on Monday, marking its highest close in over two weeks as lenders surged on hopes that upcoming inflation and factory data, and China’s latest round of monetary easing may prompt the Reserve Bank of India (RBI) to ease its policy for the third time this year.The benchmark S&P BSE Sensex gained 1.48%, or 401.91 points, to 27,507.30, marking it highest close since 23 April. Read more3:30pm: The S&P BSE Sensex closes 1.48%, or 401.91 points, higher at 27,507.30, while the CNX Nifty ends 1.63%, or 133.75 points, higher at 8,325.25. Shares of Adani Power Ltd rose 4.08% to ₹ 43.40. The company posted a 71.72% decline in its consolidated net profit to ₹ 715.05 as compared with ₹ 2,528.55 crore a year ago. According to 10 Bloomberg analyst, the company was expected to post consolidated net loss of ₹ 413.3 crore.Shares of Ashok Leyland Ltd rose 7.93% to ₹ 74.15 on BSE ahead of its March quarter due on 12 May. According to estimates of 25 Bloomberg analysts, the company may post a net profit of ₹ 201.2 crore while net sales will be at ₹ 4,641.20 crore.3:14pm: The S&P BSE Sensex is trading 1.61%, or 435.55 points, higher at 27,540.94, while the CNX Nifty is up 1.65%, or 134.80 points, at 8,326.30. Shares of State Bank of India rise 5.61% to ₹ 276.50 apiece. 3:05pm: The S&P BSE Sensex is trading 1.48%, or 400.79 points, higher at 27,506.18, while the CNX Nifty is up 1.58%, or 129.35 points, at 8,320.85. 2:45pm: The S&P BSE Sensex is trading 1.46%, or 396.91 points, higher at 27,502.30, while the CNX Nifty is up 1.59%, or 130 points, at 8,321.50. Shares of State Bank of India (SBI) trade 5.39% higher at ₹ 275.90 apiece on BSE. The bank will announce its March quarter earnings on 22 May. According to 25 Bloomberg analyst estimates, the bank expected to post net profit of ₹ 3,586.40 crore, up 18% from a year ago.2:25pm: The BSE Sensex is now trading at 27,437.50, up 332.11 points, or 1.23%, while the Nifty is up 111.25 points, or 1.36%, at 8,302.75. 2:15pm: Adani Power Ltd rises 2% to ₹ 42.55 ahead of its March quarter earnings. According to 10 Bloomberg analysts, the company may post consolidated net loss of ₹ 413.3 crore, while net sales will be ₹ 4,873.9 crore.1:52pm: Havells India Ltd jumps 4.8% to ₹ 292 after the company reported a 11% decline in its net profit to ₹ 121.85 in the March quarter compared with ₹ 136.92 crore a year ago. Net sales rose 3% from a year ago to ₹ 1,339.69 crore. 1:40pm: Bank of Baroda shares were trading 15.6% higher at ₹ 167.80 after rising as much as 17.4% earlier in the day after the company announced its March quarter results1:36pm: The S&P BSE Sensex is now trading up 352.59 points, or 1.3%, to 27,457.98.1:35pm: Adani Enterprises shares gain 3% after the Gujarat high court approved restructuring of the group’s businesses involving ports, power, mining and transmission assets.1:23pm: Siyaram Silk Mills shares gain over 12% after the company reported 59.18% jump in net profit to ₹ 32.14 crore for the March quarter from the year ago.1:03pm: After gaining 0.26% in the morning trade, the rupee erases all its gains and is trading unchanged from its previous close at 63.94 per dollar. It opened at 63.87 and touched a high and a low of 63.77 and 63.96, respectively.12:59pm: IVRCL shares jump 12% to ₹ 15.4 after the company said in a notice to BSE that it has got an turnkey engineering, procurement and construction (EPC) project worth ₹ 3,624 crore from the ministry of interior-Kingdom of Saudi Arabia.12:57pm: The BSE Sensex extends gains to trade 391.52 points, or 1.44%, higher at 27,496.91.12:56pm: Housing Development Finance Corp. Ltd (HDFC) shares jump 3.4% to ₹ 1,225.95. HDFC has emerged as the only Indian company to find a place among the world’s 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard. HDFC is ranked 7th on the list, compiled by business magazine Forbes., 12:45pm: Reliance Industries Ltd falls 0.7% to ₹ 884.10. The Comptroller and Auditor General (CAG) of India, in its report submitted to Parliament on Friday, said that the Reliance Jio Infocomm received “undue benefit” of ₹ 3,367.29 crore because of the telecom department’s decision to allow the Mukesh Ambani-owned telecom company to offer voice services over the broadband spectrum it won in the 2010 4G auctions. 12:37pm: The S&P BSE Sensex is now trading at 27,473.97, up 368.58 points, or +1.36%.12:01pm: Indian bonds advanced, pushing the 10-year sovereign yield down by the most in two months, on speculation that slowing inflation will allow RBI to add to two interest-rate cuts this year. The yield on the 8.4% notes due July 2024 fell 6 basis points, or 0.06 percentage point, to 7.92%.11:45am: The CNX PSU Bank Index gains 5% on the back of higher volume. Bank of Baroda is up 13.4%, Bank of India 5.2%, State Bank of India 4.6%, Oriental Bank of Commerce 4.5%, Union Bank of India 4%, Syndicate Bank 4%, Canara Bank 3.8%, IDBI Bank Ltd 3.7%, Andhra Bank 2.8% and Allahabad Bank 2.7%.11:23am: The BSE Sensex index jumps over 350 points, or 1.3%, after the Bank of Baroda shares jumped over 12%. 11:05am: The S&P BSE Sensex rises further to 27,409.74, up 304.35 points, or 1.12%.11:00am: Bank of Baroda shares are trading at ₹ 161 on BSE, up 10.9% from their previous close, after the bank announced its March quarter results. Gross NPAs for the March quarter stood at 3.72% as against 2.94% in the same quarter last year. Net profit for the quarter fell 48.3% to ₹ 598.35 crore compared with ₹ 1,157.27 crore in the year-ago quarter.10:34am: The S&P BSE Sensex is up 277.75 points, or 1.02%, to 27,383.14, while the Nifty is up 76.70 points, or 0.94%, to 8,268.20. 10:33am: metal stocks are among the top gainers in the Sensex. Vedanta Ltd rises 3.5% to ₹ 225.80, Hindalco Industries Ltd jumps 3.3% to ₹ 143.60, while Tata Steel Ltd climbs 2.8% to ₹ 377 as investors expect that there may be the higher demand for metals after China announced a cut in interest rates for the third time since November. 10:30am: Investors will be looking forward to the Index of Industrial Production (IIP) data for March and consumer price inflation data for April to be released tomorrow. A Bloomberg poll estimates that the IIP will grow 2.9% in March as compared with 5% in February, while consumer price index-based inflation will stand at 4.9% in April compared with 5.17% in March.10:25am: Steel Authority of India Ltd (SAIL) rises 2.5% to ₹ 69 after the news report said that the company has charted investment of ₹ 1.5 trillion till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes. Read more.10:20am: Kansai Nerolac Paints Ltd is trading up 4.2% after the company reported a 34.6% increase in its net profit to ₹ 60.37 crore in the March quarter compared with ₹ 44.85 crore in the same quarter last year.10:15am: Orient Cement Ltd advances 4.5% to ₹ 180 after the company reported a 224% jump in its net profit to ₹ 85.47 crore against ₹ 26.34 crore a year ago.10:07am: Syndicate Bank jumps 4.5% to ₹ 107 after the lender reported a marginal 2% growth in net profit to ₹ 417 crore in the March quarter as compared with ₹ 409.3 crore a year ago.10:02am: Relaxo Footwears Ltd surges 7.2% to ₹ 759 after the company said in a notice to BSE that its board has approved issuing 1:1 bonus share and a dividend of ₹ 1 per share.10:00am: Gillette India Ltd climbs 5.7% to ₹ 4,797.20 after the company reported a 260% jump in its net profit in the March quarter to ₹ 30.76 crore as compared with ₹ 8.48 crore a year ago.9:58am: Federal Bank Ltd rises 3.4% to ₹ 135.65 after the company said in a notice to BSE that it will consider bonus issue on 16 May. 9:55am: Bank of Baroda is trading down 0.17% ahead of its March quarter earnings due later today. According to estimates of 30 Bloomberg analysts, the bank may post a net profit at ₹ 948.50 crore.9:53am: The S&P BSE Sensex is trading up 239.79 points, or 0.88%, to 27,345.18.9:47am: Earnings today—Adani Power Ltd, Den Networks Ltd, Electrosteel Steels Ltd, Havells India Ltd, Orient Paper and Industries Ltd, Phoenix Mills Ltd and SRF Ltd. 9:45am: Hindalco Industries Ltd jumps 2.8% to ₹ 142.90, while Hero MotoCorp Ltd is trading up 2% to ₹ 2,347.70.9:44am: Sensex losers—Hindustan Unilever Ltd falls 1.7% to ₹ 879.55, while HDFC Bank Ltd is down 0.5% to ₹ 978.25.9:42am: Sectoral indices—The BSE realty index is the top gainer, up 1.6%, followed by metal and auto indices, up 1.5% and 1.3%, respectively. The BSE consumer durables and FMCG indices were top losers, down 0.2% each.9:40am: The Sensex is trading higher by 0.86%, or 233.87 points, at 27,339.26, while the 50-share CNX Nifty of the National Stock Exchange is up 0.77%, or 63.15 points, to 8,254.65.9:30am: Macquarie today said that Indian markets are trading closer to the lower end of long-term historical valuation band at 12.8x FY17 earnings, adding that similar-sized corrections have been seen in previous bull cycles and have been good entry points.Macquarie said top stocks that have fallen more than 15% and look attractive include ITC, Sun Pharmaceutical Industries and Asian Paints. 9:20am: The markets open on a srong note, with the key indices up as much as 0.8%, as China’s cut in interest rates spurred gains in Asian equities.9:15am: The Indian rupee strengthens for a second consecutive session to 63.87 per dollar compared with its previous close of 63.94. Read more.9:14am: The dollar strengthens to 119.87 yen from 119.79 in late trading on Friday. The euro slips to $1.1155 from $1.1223.9:10am: Benchmark US crude slips 4 cents to $59.35 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude edges up 4 cents to $66.20 in London.9:05am: Japan’s Nikkei 225 rises 1.3% to 19,625.20 and South Korea’s Kospi gains 0.9% to 2,103.93. Hong Kong’s Hang Seng adds 0.7% to 27,761.96 and the Shanghai Composite Index in mainland China advances 1.2% to 4,255.73. Australia’s S&P/ASX 200 is up 0.2% to 5,646.60. Markets in Southeast Asia also rise.9:00am: Asian shares jump as investors cheered China’s latest cut to interest rates to bolster its flagging economy. The People’s Bank of China cut its benchmark one-year lending rate by 25 basis points to 5.1% from Monday, and its benchmark deposit rate by the same amount to 2.25%.8:55am: The US stock market ended last week with its best day in two months on good news about the job market. The Dow Jones industrial average jumped 1.5% to close at 18,191.11 while the Standard and Poor’s 500 added 1.4% to 2,116.10, its biggest gain since mid-March. The Nasdaq composite rose 1.2% to 5,003.55.