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Market Live: Nifty slips below 9,900, Sensex sheds 140 points, Tata Motors falls 5%

LiveMint logoLiveMint 10-08-2017 Livemint

Mumbai: The BSE Sensex opened lower on Thursday against the previous session’s closing. The broader NSE’s Nifty, too, fell in the morning hours. The Indian rupee opened lower against the US dollar. The shares of DrReddy and SunPharma rose, whereas the shares of Tata Motors and ONGC fell.Here are the latest updates

■ 9.31am: BSE Sensex trades lower by 123 points, or 0.41%, to 31,669, while the Nifty 50 falls 42 points, or 0.42%, to 9,867.

■ 9.25am: The 10-year bond yield was at 6.476%, compared to its previous close of 6.466%. Bond yields and prices move in opposite directions.

■ 9.20am: Idea Cellular Ltd rose 2% to Rs92.55 after huge block deal. Around 5.47 million shares of the company changed hands in two block deals, according to Bloomberg.

■ 9.15am: The rupee was trading at 63.97 a dollar, down 0.20% from its Tuesday’s close of 63.84.

■ 9.10am: Aurobindo Pharma Ltd rose 4.3% to Rs713.85. The company reported 11.4% decline in its net profit in June quarter to Rs518.50 crore against Rs585 crore a year ago.

■ 9.05am: Tata Motors Ltd fell 5% to Rs397.80 while Tata Motors DVR fell 5.6% after the company reported lower-than-expected performance by its JLR led by higher-than-expected forex losses and significant increase in other expenses.

■ 9.00am: Asian currencies were trading lower. Traders are focusing on US inflation data due Friday given its potential impact on Federal Reserve’s monetary policy. South Korean won was down 0.57%, Taiwan dollar 0.18%, Malaysian ringgit 0.15%, Philippines peso 0.12% and Indonesian rupiah 0.05. However, China offshore spot was up 0.22%.

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