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Live: Sensex opens higher, IT stocks fall

LiveMint logoLiveMint 06-03-2017 Livemint

BSE Sensex opens higher. The broader Nifty, too, rises in the opening hours of Monday. The rupee, tracking Asian currencies, trades higher against the US dollar. The shares of Dredging Corp Of India Ltd and ARSS Infrastructure Products Ltd and Bharti Airtel Ltd rise.

9.36am:BSE Sensex trades higher by 202 points, or 0.70%, to 29,036, while the Nifty 50 rises 40 points, or 0.45%, to 8,937.

9.30am: IT stocks trade lower after Nasscom said on Sunday that US’s decision to temporarily suspend the expedited premium processing of H1B visas will lead to process delays for Indian IT firms too, reports PTI. Infosys Ltd fell 1%, Tata Consultancy Services Ltd 1%, Wipro Ltd fell 0.2%.

9.25am: The 10-year bond yield was at 6.768% compared to its Friday ’s close of 6.784%. Bond yields and prices move in opposite directions.

9.20am: IDFC Ltd shares rise 1.1% to Rs 51.75 after the company on Sunday said it will acquire the 25% stake currently held by Natixis Global Asset Management in IDFC Asset Management Co. Ltd and IDFC AMC Trustee Co. Ltd for Rs244.24 crore, through IDFC Financial Holding Co. Ltd.

9.15am: The local currency opened at 66.77 a dollar. At 9.15am, the home currency was trading at 66.76, up 0.07% from its Friday close of 66.81.

9.10am: Bharti Airtel Ltd rose 2% to Rs 359.35 after the company said it will issue five shares ot Telenor Communications.

9.00am: Asian currencies were trading stronger. Taiwan dollar was up 0.24%, Japanese yen 0.2%, Indonesian rupiah 0.17%, China renminbi 0.14%, China offshore 0.08%, Malaysian ringgit 0.05% and South Korean won 0.05%. However, Thai baht was down 0.1%.

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