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Market Live: Sensex, Nifty open lower, pharma stocks fall

LiveMint logoLiveMint 04-08-2017 Livemint

Mumbai: The BSE Sensex opened lower on Friday against the previous session’s closing. The broader NSE’s Nifty, too, fell in the morning hours. The Indian rupee opened little changed against the US dollar. The shares of Hero MotoCorp, Coal India and Hindustan Unilever Ltd rose, whereas the shares of Lupin, SunPharma and Cipla fell. Here are the latest updates:

■ 9.34am: BSE Sensex trades lower by 21 points, or 0.07%, to 32,217, while the Nifty 50 falls 0 points to 10,014.

■ 9.25am: Housing Development & Infrastructure Ltd (HDIL) fell 1% to Rs82.60 after the National Company Law Tribunal (NCLT) admitted petition of insolvency proceedings against the company.

■ 9.20am: Indian Oil Corp. (IOC) rose 2% to Rs393.40. The company said its June quarter profit declined 45% to Rs4,549 crore from a year ago despite handsome gains in operating revenue as expenses including of crude oil rose and refining margin narrowed sharply.

■ 9.15am: The rupee opened at 63.67 a dollar. At 9.15am, the rupee was trading at 63.66 a dollar, up 0.05% from its Thursday’s close of 63.69.

■ 9.10am: The 10-year bond yield was at 6.436%, compared to its previous close of 6.43%. Bond yields and prices move in opposite directions.

■ 9.05am: Auto stocks gained. Hero MotoCorp Ltd shares rise 1%, Tata Motors Ltd shares rise 1%, Maruti Suzuki India Ltd rises 0.8%.

■ 9.00am: Asian currencies were trading higher. South Korean won was up 0.3%, Philippines peso 0.18%, Taiwan dollar 0.14%, China offshore 0.1%, Singapore dollar 0.06% and Thai baht 0.05%. However, Japanese yen was down 0.08%.

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