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Live: Nifty touches record high, Sensex reclaims 29,700 mark, Unitech shares fall

LiveMint logoLiveMint 03-04-2017 Livemint

BSE Sensex opens higher on the week’s first session. The broader Nifty, too, rises on Monday touching a record high. The Indian rupee, tracking Asian currencies, opens higher. The shares of Reliance Industries Ltd, Unitech Ltd and aviation companies rise in the morning hours, while the shares of liquor companies fall on the Supreme Court’s ban of liquor shops along state and national highways from 1 April.

9.33am: BSE Sensex trades higher by 122 points, or 0.41%, to 29,742, while the Nifty 50 rises 31 points, or 0.34%, to 9,205.

9.32am: Liquor stocks trade lower after the Supreme Court order banning liquor shops along state and national highway from 1 April. United Spirits Ltd shares fall 5%, Pioneer Distilleries 1.1%, Globus Spirits 2.2%, Empee Distilleries 5.5%, GM Breweries 1%, Tilaknagar Industries 2.1%, Radico Khaitan 5.6%, Pincon Spirit 1.6% and United Breweries 1.2%

9.30am: Reliance Industries shares rose 2.2% to Rs1,348.35 after Reliance Jio announced that it had achieved 72 million paid customers. Other telecom stocks were trading lower. Bharti Airtel Ltd fell 2.7% and Idea Cellular Ltd 0.6%.

9.25am: Unitech Ltd shares fall 11% to Rs4.95 after the Delhi Police’s economic offences wing arrested Unitech’s managing directors Sanjay and Ajay Chandra for alleged money laundering on Saturday.

9.20am: Aviation stocks trade higher after the price of jet fuel or ATF was cut by Rs2,811.38 per kilolitre, or 5.1%, to Rs51,428 per kl with effect from 1 April. Jet Airways India Ltd rose 2%, SpiceJet Ltd 2% and InterGlobe Aviation Ltd was up 1.3%.

9.15am: The rupee opened at 64.79 a dollar and touched a high of 64.77, a level last seen on 19 October 2015. At 9.15am, the home currency was trading at 64.78, up 0.11% from its Friday’s close of 64.85.

9.10am: The 10-year bond yield was trading at 6.677%, compared to its previous close of 6.68%. Bond yields and prices move in opposite directions.

9.00am: Asian currencies were trading higher. South Korean won was up 0.56%, Thai baht 0.16%, Taiwan dollar 0.1%, Singapore dollar 0.08%, Philippines peso 0.06% and Japanese yen 0.05%.

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