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Live: Sensex, Nifty touch two-year highs

LiveMint logoLiveMint 02-03-2017 Livemint

India’s benchmark indices Sensex and Nifty hit their two-year highs intraday. Sensex gained as much as 0.5% or 148.46 points to 29132.95 points—a level last seen on 13 March 2015, while Nifty rose 0.5% or 43.7 points to 8,989.50, a level last seen on 4 March 2015. The Indian rupee trades higher against the US dollar while the Asian currencies edge down. The Wockhardt Ltd shares fall over 5% while the Tata Motors Ltd shares rise in the opening trade.

9.31am: BSE Sensex trades higher by 100 points, or 0.34%, to 29,084, while the Nifty 50 rises 30 points, or 0.34%, to 8,976.

9.25am: Wockhardt Ltd shares fall 5.5% to Rs710 after its step-down unit in the US, Morton Grove Pharmaceuticals Inc., has received a warning letter from the US Food and Drug Administration (FDA) for violation of norms.

9.20am: The local currency opened at 66.76 a dollar. At 9.15am, the home currency was trading at 66.77, up 0.11% from its previous close of 66.83.

9.15am: The 10-year bond yield rose to 6.912% compared to its Wednesday’s close of 6.925%. Bond yields and prices move in opposite directions.

9.10am: Tata Motors Ltd shares rise 1.3% to Rs454.80 after the company reported a rise of 2% in its total vehicle sales for last month. According to the company, its total passenger and commercial vehicle sales, including exports, in February 2017 rose to 47,573 units from 46,674 units sold in the like month of last year.

9.00am: Japanese yen was down 0.2%, Singapore dollar 0.12%, China offshore 0.07%, Malaysian ringgit 0.06%, Thai baht 0.05% and China renminbi 0.05%. However, South Korean won was up 0.2%.

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