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Market Live: Sensex sheds 240 points, Nifty below 9,900, ITC plunges 13% on higher cess

LiveMint logoLiveMint 18-07-2017 Livemint

Mumbai: The BSE Sensex opens lower against the previous session’s closing. The broader NSE’s Nifty, too, fell in opening trade. The Indian rupee trades higher against the US dollar. The shares of Bharti Airtel, Sun Pharma and NTPC rise, whereas the shares of ITC and Reliance Industries (RIL) fall.

■ 9.25am: BSE Sensex trades lower by 238 points, or 0.74%, to 31,837, while the Nifty 50 falls 51 points, or 0.52%, to 9,865.

■ 9.20am: ITC Ltd on Tuesday fell 13% to Rs282.65 after most of the brokerage downgraded the stock and also cut its target price after government increased cess on cigarettes.

■ 9.15am: The rupee opened and touched a high of 64.32 a dollar. At 9.15am, the rupee was trading at 64.32 a dollar, up 0.07% from its Monday’s close of 64.36.

■ 9.10am: The 10-year bond yield was at 6.456%, compared to its previous close of 6.464%. Bond yields and prices move in opposite directions.

■ 9.00am: Asian currencies were trading higher. Japanese yen was up 0.42%, South Korean won 0.23%, China Offshore 0.13%, China renminbi 0.12%, Indonesian rupiah 0.1%, Thai Baht 0.1%, Taiwan dollar 0.1%, Singapore dollar 0.09%. However, Philippines peso was down 0.22%.

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