5:00pm: The Indian rupee closes at 63.64 against dollar, up 0.29% from its previous close of 63.83.3:30pm: The S&P BSE Sensex closes 0.10%, or 27.86 points, lower at 27,809.35, while the CNX Nifty closes flat at 8,421 points.2:32pm: CESC Ltd falls 3.2% to ₹ 570 apiece. The company reported net profit of ₹ 244 crore in the March quarter, up 0.41% from a year ago. Net sales rose 14.65% to ₹ 1,448 crore.2:30pm: Shipping Corp of India Ltd climbs 5.2% to ₹ 59.65 after the company reported a 666% jump in its net profit to ₹ 101.49 crore in the March quarter compared with ₹ 13.24 crore a year ago.2:26pm: The S&P BSE Sensex is trading unchanged from its previous close at 27,837.49.2:00pm: SpiceJet shares are trading 0.56% lower after the company said it is looking to raise an additional ₹ 300 crore and increase its fleet size to 45-50 aircraft by the end of fiscal 2015, the company said on Thursday. Read more. 1:50pm: Claris Lifesciences surges as much as 18% amid reports that Cadila Healthcare has emerged as the front-runner to acquire the generic sterile injectables business of the company. The stock is currently up 9% on BSE.1:26pm: The S&P BSE Sensex trims losses to trade just 25.29 points, or 0.09%, lower at 27,811.92. The CNX Nifty is down 6.55 points, or 0.08%, to 8,416.70. 1:20pm: Strides Arcolab Ltd jumps 6.3% to ₹ 1163.55 after the company said in a notice to BSE that it is in pact with arm of Aspen Pharmacare to buy its generic pharma business in Australia along with certain branded pharma assets for a combined $301 million. The company will buy 130 drugs for $209 million and a portfolio of six branded products for about $92 million.1:00pm: Citigroup cut its December 2015 target to 32,200 points from 33,000 previously, and introduced a June 2016 target of 35,000, saying that investors’ faith in India currently is a little fickle.12:20pm: ABG Shipyard Ltd dives 20% to ₹ 137.85 after the company said in a notice to BSE that it is working within corporate debt restructuring, and its principal repayment of loans is yet to start.12:19pm: The S&P BSE Sensex is down 49.35 points, or 0.18%, to 27,787.86.12:15pm: Bajaj Auto Ltd rises 4% to ₹ 2,238. The company reported net profit of 621.62 crore in the March quarter, down 18.63% from a year ago. Net sales for the quarter fall 4.4% to 4,893.61 crore from ₹ 5,117.1 crore in the same quarter last year.12:08pm: Tata Steel shares slips further to trade lower by as much as 5.5% at ₹ 341.25. Read more. 12:05pm: Glenmark Pharmaceuticals shares slip 0.5%. The company today said it has been granted tentative approval by the US health regulator to sell Rufinamide, which is used to treat seizures caused by Lennox-Gastaut syndrome.11:44am: IRB Infrastructure Developers shares rise 2% after the company said it has bagged ₹ 2,650-crore Agra-Etawah Bypass project from the National Highways Authority of India.11:30am: Coal India Ltd rises 3.1% to ₹ 371.20 after Mint reported that the government panel recommends auction of coal linkages or assured supply of coal, much the same way it puts telecom spectrum on the block. Assured supplies, or linkages, are awarded to projects that do not have captive coal mines and need to source coal commercially from state-owned Coal India Ltd (CIL). Read more.10:55am: The S&P BSE Sensex 27,772.70, down 64.51 points, or 0.23%.10:50am: Mahindra and Mahindra Ltd shares inch up 0.8% to ₹ 1260.90. The company has entered into a strategic partnership with Japanese firm Mitsubishi Heavy Industries to jointly develop agricultural machinery products.10:44am: Whirlpool of India Ltd advances 4.4% to ₹ 766.50 after the company said its net profit rose 55.5% in the March quarter to ₹ 55.27 crore compared with ₹ 35.55 crore a year ago.10:39am: Godrej Properties Ltd is trading up 3.4% to ₹ 247.30 after the company said in a notice to BSE that it sold 200 apartments at Godrej Icon in Gurgaon. 10:35am: Balaji Telefilms Ltd climbs 5% to ₹ 75 after the company reported 7,150% jump in net profit to ₹ 9.61 crore in the March quarter compared with ₹ 13.25 lakh a year ago.10:27am: Future Lifestyle Fashions Ltd gains 6.4% to ₹ 86 after the company’s net loss narrowed to ₹ 1.46 crore in the March quarter compared with a net loss of ₹ 92.17 crore a year ago.10:23am: IRB Infrastructure Developers Ltd rises 2.5% to ₹ 248.15 on BSE after the company said it has got an Agra-Etawah bypass order worth Rs2,650 crore from National Highways Authority of India.10:18am: JB Chemicals and Pharmaceuticals Ltd climbs 4.9% to ₹ 251.80 after the company reported a 20.08% increase in its net profit in the March quarter to ₹ 25.74 crore compared with ₹ 21.43 crore a year ago. The company announced a special dividend of ₹ 10 per share and a regular dividend of ₹ 4 per share.10:14am: Aarti Drugs Ltd falls 6% to ₹ 693.75 after the company said its net profit fell 14.1% in the March quarter to ₹ 18.86 core compared with ₹ 21.95 crore from a year ago.10:09am: Brigade Enterprises Ltd drops 5% to ₹ 148.70 after the company reported a 40% drop in its March quarter net profit to ₹ 29.74 crore compared with ₹ 49.25 crore a year ago.10:05am: TD Power Systems Ltd fall 5% to ₹ 318.40 after the company reported a 95.36% drop in its March quarter net profit to ₹ 65.96 lakh compared with ₹ 14.22 crore in the same quarter last year.9:58am: Star Paper Mills Ltd surges 20% to ₹ 23.75 after the company reported a net profit of ₹ 12.09 crore in the March quarter compared with a net loss of ₹ 5.15 crore a year ago.9:55am: Earnings—Allcargo Logistics Ltd, Asahi India Glass Ltd, Bajaj Auto Ltd, Bajaj Holdings and Investment Ltd, Britannia Industries Ltd, CESC Ltd, Deepak Fertilizers & Petrochemicals Corp Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, ICRA Ltd, Indiabulls Real Estate Ltd, MMTC Ltd, Rashtriya Chemicals & Fertilizers Ltd, Shipping Corporation of India Ltd, Shree Renuka Sugars Ltd, Voltas Ltd and Zee Entertainment Enterprises Ltd.9:50am: Axis Bank Ltd jumps 1% to ₹ 564. A huge block deal was executed on the counter on the exchanges, Bloomberg reported. Around 28.1 million equity shares, or 1.2% stake of the company, have changed hands in two block deals. Other details of buyers and sellers were not available.9:47am: Tata Steel Ltd falls 4.1% to ₹ 346.55 after the company posted a loss of ₹ 5,674 crore in the fourth quarter after it wrote off its long-products business in the UK and cheap imports eroded domestic business margins. 9:45am: Sectoral indices—The BSE consumer durables index is the top gainer, up 0.3%, followed by IT and capital goods, which were up 0.2% each. The BSE metal and power indices are top losers, down 0.4% each.9:42am: The Sensex is trading lower by 0.15%, or 40.39 points, at 27,796.82, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is down 0.21%, or 17.80 points, to 8,405.45.9:30am: The equity markets open slightly higher, but slip soon after amid mixed Asian cues.9:25am: The Indian rupee strengthens to 63.74 per dollar compared with its previous close of 63.83, tracking gains in local and Asian currencies market.9:20am: The dollar falls to 121.18 yen from 121.25 yen. The euro rises to $1.1122 from $1.1094.9:15am: Benchmark US crude is up 10 cents at $59.08 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude is up 15 cents at $65.18 a barrel in London.9:10am: Japan’s Nikkei 225 adds 0.5% to 20,289.67, while Hong Kong’s Hang Seng sheds 0.1% to 27,570.49. South’s Korea Kospi drops 0.6% to 2,126.23 and most markets in Southeast Asia are also lower. China’s Shanghai Composite adds 0.9% to 4,483.19 and Australia’s S&P/ASX 200 rises 0.8% to 5,652.70.9:07am: Chinese factory activity contracted for a third month in May and output shrank at the fastest rate in just over a year, a private survey showed, indicating persistent weakness in the world’s second-largest economy that requires increased policy support. The flash HSBC-Markit Purchasing Managers’ Index (PMI) fell to 49.1 in May. Read more. 9:00am: Asian stock markets are lackluster on Thursday after China’s economy showed new signs of weakness and Fed minutes shed little light on the timing of a US interest rate hike.8:58am: The minutes of the US Federal Reserve’s meeting from April showed that policymakers at the central bank generally thought June was too early to raise rates. That was not a surprise but the minutes didn’t provide any hint about how long the bank would wait after June before hiking its policy rate for the first time since the global financial crisis.8:55am: US shares were little changed on Wednesday. For a fourth day in a row, the Standard and Poor’s 500 moved less than one-half of a percentage point. The S&P 500 ended lower, but barely—down just 0.09%, or 1.98 points, to 2,125.85. The Dow Jones industrial average slipped 26.99 points, or 0.2%, to 18,285.40. The Nasdaq composite rose 1.71 points, less than 0.1%, to 5,071.74.