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Markets Live: Nifty, Sensex open higher, Reliance Industries, NTPC top gainers

LiveMint logoLiveMint 04-07-2017 Livemint

Mumbai: The BSE Sensex opens higher against the previous session’s closing. The broader NSE’s Nifty, too, rose in the morning hours. The Indian rupee trades stronger against the US dollar. The shares of NTPC, Tata Motors, Reliance Industries (RIL) rise, whereas the shares of Hero MotoCorp and Wipro fall.Here are the latest updates

■ 9.33am: Jindal Poly Films Ltd rose 3% to Rs416.50 after the company said it will acquire Netherlands-based Apeldoorn Flexible Packaging Holding BV through its subsidiary in an all-cash deal, marking its foray into the load security films market.

■ 9.30am: BSE Sensex trades higher by 42 points, or 0.13%, to 31,264, while the Nifty 50 rises 11 points, or 0.11%, to 9,626. Reliance Industries (RIL) and Adani Ports are top gainers with gains to the tune of 1.69%, and 1.33%, respectively.

■ 9.25am: Siva Cement Ltd rose 14.5% to Rs32 after JSW Cement bought 4.12% in Shiva Cement in last four sessions.

■ 9.23am: Wockhardt Ltd rose 1.2% to Rs612.15 after the company said it has received approval from the US health regulator (USFDA) for generic Olopatadine HCl eye drops used for the treatment of opthalmic allergies.

■ 9.20am: Aviation stocks trade higher. Jet Airways India Ltd rose 0.7%, InterGlobe Aviation Ltd rose 1.7%, SpiceJet rose 0.2%.

■ 9.15am: The rupee opened at 64.83 a dollar. At 9.15am, the rupee was trading at 64.79 a dollar, up 0.14% from its Monday’s close of 64.88.

■ 9.10am: Asian currencies were trading mixed. Philippines peso was up 0.23%, Japanese yen 0.12%, Singapore dollar 0.05% and Malaysian ringgit 0.04%. However, Taiwan dollar was down 0.21%, Indonesian rupiah 0.14%, South Korean won 0.08%, China Offshore 0.04%.

■ 9.05am: The 10-year bond yield was at 6.57%, compared to its previous close of 6.564%. Bond yields and prices move in opposite directions.

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