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Live: Sensex, Nifty open lower; RIL shares fall 1.4%

LiveMint logoLiveMint 27-03-2017 Livemint

BSE Sensex falls in the opening hours of Monday. The Nifty 50 of NSE, too, falls. The Indian rupee, tracking Asian currencies, rises marginally against the US dollar. The shares of Reliance Industries and Aurobindo Pharma fall while those of Westlife Development Ltd rise on Monday.

9.30am: BSE Sensex trades lower by 82 points, or 0.28%, to 29,339, while the Nifty 50 falls 33 points, or 0.36%, to 9,075.

9.26am: Reliance Industries Ltd shares fall 1.4% to Rs1,268 after the Securities and Exchange Board of India (Sebi) on Friday banned Reliance Industries Ltd (RIL) from accessing the equity derivatives market for a year, and directed the company to disgorge the profits made by violating the rules on unfair trade practices when it sold a stake in its erstwhile unit Reliance Petroleum Ltd.

9.25am: Aurobindo Pharma Ltd shares fall 2.6% to Rs670.05, Strides Shashun Ltd fell 1.4% to Rs1,122.85. The European drug regulator has recommended suspension of around 300 medicines on which bio-equivalence studies were conducted by the Chennai-based Micro Therapeutic Research Labs (MTRL), citing unreliability of data.

9.20am: Westlife Development Ltd shares rise 6% to Rs221.90 after brokerage firm CLSA rated the stock with buy rating and increased its target price to Rs 300 a share.

9.15am: The rupee was trading at 65.23, up 0.26% from its Friday’s close of 65.42.

9.10am: The 10-year bond yield was trading at 6.818%, compared to its Friday’s close of 6.831%. Bond yields and prices move in opposite directions.

9.00am: Japanese yen was up 0.87%, South Korean won 0.82%, Taiwan dollar 0.61%, Thai baht 0.29%, Singapore dollar 0.27%, Malaysian ringgit 0.25%, China Offshore 0.24%, China renminbi 0.13%, Philippines peso 0.13%, Indonesian rupiah 0.11%.

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