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Live: Sensex, Nifty open lower; Idea Cellular shares rise on Vodafone merger

LiveMint logoLiveMint 20-03-2017 Livemint

BSE Sensex opens lower on the first session of week. The broader Nifty, too, falls. The Indian rupee, tracking Asian currencies, rises marginally against the US dollar. The shares of Idea Cellular Ltd, Reliance Industries Ltd and IDBI Bank rise on the opening hours.

9.33am: BSE Sensex trades lower by 122 points, or 0.41%, to 26,369, while the Nifty 50 falls 26 points, or 0.29%, to 9,134.

9.30am: Idea Cellular Ltd shares rise 6.3% to Rs 114.70 after the company said in a notice to BSE that its board approved merging Vodafone India with itself.

9.27am: IDBI Bank Ltd shares rise 1% to Rs 76.75 after Mahesh Kumar Jain, who was managing director & CEO at Indian Bank, has been appointed as managing director & CEO of IDBI Bank.

9.25am: Bombay Dyeing & Mfg Co Ltd shares rise 1.3% to Rs 71.75 after huge block deal. Around 13.6% stake of the company changed hands in single block deal, according to Bloomberg report. However, details of the buyers and sellers were not known.

9.20am: Reliance Industries Ltd shares rise 0.11% to Rs 1302.05. The stock witnessed huge block deal in which around 12% stake or 391.20 million shares of the company changed hands in four block deals, according to Bloomberg report. However, details of the buyers and sellers were not known.

9.15am: The rupee opened at 65.39 a dollar. At 9.15am, the home currency was trading at 65.38, up 0.14% from its previous close of 65.48.

9.05am: The 10-year bond yield was trading at 6.868%, compared to its Friday’s close of 6.863%. Bond yields and prices move in opposite directions.

9.00am: South Korean won was up 0.61%, Thai Baht 0.37%, Taiwan dollar 0.36%, Singapore dollar 0.24%, Indonesian rupiah 0.16%, Japanese yen 0.13%, Philippines peso 0.07%.

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