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Market Live: Sensex, Nifty open higher, Divi’s Labs shares fall 7%

LiveMint logoLiveMint 27-09-2017 Livemint

Mumbai: The BSE Sensex opened higher on Wednesday against the previous session’s closing. The broader NSE’s Nifty, too, rose in the morning hours. The Indian rupee opened marginally higher against the US dollar. The shares of Maruti Suzuki, PowerGrid, HDFC Bank rose, whereas the shares of Sun Pharma and Adani Ports fell.

Asian stocks opened mix on Wednesday. The MSCI Asia Pacific Index fell 0.1%, Japan’s Nikkei was down 0.29%. Hong Kong’s Hang Seng rose 0.4% and the MSCI emerging market index rose 0.2%. The dollar retained modest gains after US Federal Reserve chair Janet Yellen boosted expectations for an interest-rate rise in December and ahead of the US president laying out his tax-reform plan.

Here are the latest updates from the market:

■ 9.27am: BSE Sensex opened higher by 83.74 points, or 0.27%, to 31,683.50, while the Nifty 50 rises 16.70 points, or 0.17%, to 9,888.20.

■ 9.25am: Divi’s Laboratories Ltd fell 7% to Rs 893.70 after the company said observations in the form 483 issued by the US drug regulator against its Unit 2 of Visakhapatnam facility do not appear to be procedural in nature.

■ 9.23am: Den Network Ltd rose 10% to Rs 95.40 ahead of its AGM due later today. According to ET report Reliance Industries in talks to acquire DEN Networks; move to help RIL launch home broadband, cable TV services soon.

■ 9.20am: Edelweiss Financial Services Ltd rose 5% to Rs 292 after the company said its board approved raising up to Rs2,000 crore through various modes, including bonds, rights issue or qualified institutional placement.

■ 9.15am: The home currency opened at 65.38 a dollar. At 9.15am, the rupee was trading at 65.36 a dollar, up 0.14% from its Tuesday’s close of 65.45.

■ 9.13am: The 10-year bond yield was at 6.67%, compared to its previous close of 6.669%. Bond yields and prices move in opposite directions.

■ 9.10am: Asian currencies were trading lower. Malaysian ringgit was down 0.29%, Thai baht 0.23%, South Korean won 0.17%, Japanese yen 0.16%, Singapore dollar 0.07%, Philippines peso 0.06%. However, China renminbi was up 0.07%, Hong Kong dollar 0.05%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.08, up 0.11% from its previous close of 92.966.

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