5:00pm: The Indian rupee closes stronger against the US dollar at 63.84, against its previous close of 63.92.
3:30pm: The S&P BSE Sensex closes rebounds from 8-month lows hit in the previous session and advanced 1.36%, or 359.25 points, to close at 26,840.50, while the Nifty gained 1.27%, or 102.05 points, to end at 8,124.45.
3:05pm: The S&P BSE Sensex is trading 1.54%, or 408.20 points, higher at 26,889.45, while the CNX Nifty gains 1.47%, or 118.10 points, to 8,140.50.
2:18pm: The S&P BSE Sensex is now trading at 26,794.92, up 313.67 points, or 1.18%.
2:00pm: Cairn India shares gain as much as 12.2% a day after it saw selling pressure in the wake of Vedanta merger reports. The stock had lost 4.5% on Tuesday.
1:40pm: SpiceJet shares gain 0.3% after a news report said the airline plans to lease Airbus Group SE jets for the first time after lessors withdrew some planes from the carrier’s fleet.
The airline, which currently operates Boeing Co. 737 and Bombardier Inc. aircraft, plans to bring in at least two Airbus A320 jets through the so-called “wet-lease” mode, said the people, asking not to be identified as the information isn’t public. In that method, the leasing company also provides pilots and crew along with the planes.
1:25pm: The S&P BSE Sensex gains 298.41 points, or 1.13%, to 26,779.66.
1:15pm: Adani Ports and Special Economic Zone Ltd (APSEZ) shares gain as much as 2.7% after the company said it has launched investor meetings to raise funds through dollar bonds.
This will be the company’s first foreign currency bond issue and is likely to be launched later this week, subject to market conditions.
1:00pm: Tata Motors is trading up 1.5%. The company, together with Diesel & Motor Engineering Plc (DIMO), has launched the all-new compact sedan Zest and the sporty hatchback Bolt in Sri Lanka. The company has launched the Zest in India in August 2014 and the Bolt in January 2015.
12:30pm: Rajesh Exports is currently trading at Rs.241, up 1.5%, after the company said it bagged an export order worth Rs.1,302 crore from Al Jameelat Jewellery, UAE. Execution of this order will significantly add to the company’s profit.
12:10pm: Punjab National Bank rises 1.5% after the lender inked an MoU with the Indian Army for defence salary package. The first MoU between PNB and the Indian Army was signed in 2011 and was valid for a period of three years. The MoU is tailor made to suit the requirements of serving soldiers, pensioners and families.
11:48am: The S&P BSE Sensex is trading stable at 26,747.82, up 266.57 points, or 1.01%.
11:40am: Sugar stocks jump after the Cabinet approved interest-free loans of Rs6,000 crore for sugar mills. Shree Renuka Sugars climbs 12%, Bajaj Hindusthan surges 10.7%, Dhampur Sugar is up 7%, Balrampur Chini Mills up 7%, Triveni Engineering 6%.
11:20am: Indian sovereign bonds due in 2024 fell, pushing the yield toward a six-month high, as rising oil prices and the prospect of inadequate rains spurred inflation concern. The yield on the sovereign debt due July 2024, the current 10-year benchmark, rose 2 basis points to 7.99%..
11:00am: The BSE Sensex is now trading up 253.59 points, or 0.96%, at 26,734.84.
10:45am: Bharti Airtel is currently trading at Rs.415.95, up 2%. The telecom company has entered into partnership with Motorola to provide 4G services on new Moto E (2nd Gen) 4G smartphone available on Flipkart.
10:30am: DLF rises 2.7% after its subsidiary, DLF Utilities, entered into definitive agreement to sell its cinema exhibition business operated under the brand name of DT Cinemas to PVR on a slump sale basis for an aggregate consideration of approximately Rs.500 crore.
10:10am: UBS cuts target for NSE index Nifty to 8,400 from 9,200, saying El Nino and monsoon forecasts are raising concerns for India’s inflation. UBS adds that expectations in terms of pace of growth recovery need a further reset downwards, leading to continued near-term consolidation.
10:00am: Sun Pharma Advanced Research Co. Ltd gains as much as 7.8% to Rs.437.95 after Sun Pharmaceutical Industries was issued licences for Xelpros eye drops for the US market.
9:55am: Shares of DB Realty Ltd climb as much as 8.3% to Rs.67 apiece. Piramal Realty is in talks with DB Group to acquire a prime sea-facing, 2.2 acre plot of land at Marine Lines in south Mumbai for over Rs.1,000 crore, according to a news report.
9:46am: The S&P BSE Sensex is now trading at 26,762.01, up 280.76 points, or 1.06%.
9:35am: PVR Ltd gains as much as 5.5% to Rs.703.3 after it agreed to buy the cinema exhibition business of DLF Ltd, the country’s largest developer, for Rs.500 crore. DT Cinemas has 29 screens with approximately 6,000 seats at eight locations in the NCR and Chandigarh.
9:27am: All the sectoral indices are trading in green. The BSE Realty index is the top sectoral gainer, up 0.82%, followed by the capital goods index, up 0.78%.
9.22am: The Sensex is trading up 0.87%, or 229.59 points, at 26,710.84 points, while the National Stock Exchange’s broader barometer 50-share Nifty is up 0.73%, or 58.85 points, at 8,081.25.
9:21am: The equity stocks markets are trading higher led by gains in capital goods and banking stocks.
9:20am: The yield on India’s 10-year benchmark bond is trading at 7.8% compared with its Tuesday’s close of 7.79%.
9:18am: The rupee weakens to 64.03 per dollar compared with its previous close of 63.92, tracking losses in Asian currencies.
9:15am: The dollar strengthens to 124.53 yen from 124.38 yen. The euro is little changed at $1.129.
9:12am: Benchmark US crude gains 62 cents to $60.76 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude rises 48 cents at $64.88 in London.
9:08am: Global stock-index compiler MSCI said Chinese stocks will be included in its global benchmarks after a few issues related to market accessibility are resolved. After the result of the annual review was announced, the Shanghai benchmark opened slightly lower but soon recovered the loss.
9:03am: Japan’s Nikkei 225 adds 0.4% to 20,173.55 and South Korea’s Kospi inches up 0.1% to 2,065.05. Hong Kong’s Hang Seng is up 0.3% to 27,064.49, while Australia’s S&P/ASX 200 is down 0.1% at 5,465.30. The Shanghai Composite in mainland China is flat at 5,112.73.
9:00am: Asian stock markets trade higher after Wall Street steadied and index compiler MSCI signalled Chinese shares will eventually be included in global benchmarks, a development that could attract more portfolio capital to the region.
8:55am: Wall Street closed little changed on Tuesday. The Standard and Poor’s 500 picked up 0.87 of a point to finish at 2,080.15. The Dow Jones industrial average slipped 2.51 points, less than 0.1%, to 17,764.04 while the Nasdaq composite lost 7.76 points, or 0.2%, to 5,013.87.