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Markets live: Sensex, Nifty fall in opening trade, aviation companies up

LiveMint logoLiveMint 05-05-2017 Livemint

Mumbai: The BSE Sensex fell in opening trade on Friday by 104.95 points, or 0.35%, to 30,021.27, while the Nifty 50 was down 27.55 points, or 0.29%, to 9,332.35, after its winning streak on Thursday.

The Indian rupee was trading marginally weaker on Friday against the US dollar, tracking losses in its Asian peers before the release of US jobs data due later on Friday.

Traders are cautious as US Federal Reserve chair Janet Yellen and at least five other central bank officials are scheduled to speak on Friday and ahead of the French presidential election on Sunday. Here are the latest updates.

9.30am: BSE Sensex trades lower by 104.95 points, or 0.35%, to 30,021.27, while the Nifty 50 down 27.55 points, or 0.29%, to 9,332.35.

9.25am: Aviation and oil marketing companies were trading higher after international crude oil prices fell below $45 a barrel. SpiceJet Ltd rose 3.6%, Jet Airways India Ltd 5%, InterGlobe Aviation Ltd 3%. Bharat Petroleum Corp. Ltd rose 1.3%, Hindustan Petroleum Corp. Ltd 1% and Indian Oil Corp. Ltd 1.6%.

Sadbhav Infrastructure Projects Ltd rises 15% to Rs116.65 after huge block deal. Around 3.7% stake or 13.20 million shares of the company changed hands in a block deal, according to Bloomberg. However, details of buyers and sellers were not known.

Wockhardt Ltd falls 3.6% to Rs689.50 after the company posted a net loss of Rs5.91 crore in the March quarter against a net profit of Rs79 lakh a year ago.

Emami Ltd fell 3.2% to Rs1,074 after the company posted weaker-than-expected earnings. Consolidated net profit for the March quarter stood at Rs83.32 crore as against Bloomberg estimates of Rs117 crore.

9.15am: The rupee opened at 64.23 a dollar. At 9.15am, the rupee was trading at 64.25 a dollar, down 0.10% from its Thursday’s close of 64.17.

9.12am: The 10-year bond yield was trading at 6.949% compared to its previous close of 6.968%. Bond yields and prices move in opposite directions.

9.10am: Asian currencies were trading lower. South Korean won was down 0.38%, Malaysian ringgit 0.19%, Japanese yen 0.09%, Indonesian rupiah 0.07%, China offshore 0.06% and Taiwan dollar 0.03%. However, Thai baht was up 0.07%.

9.00am: Asian markets opened mixed on Friday morning. According to Reuters, retreat in crude oil and other commodities prices are weighing on sentiments. Overnight, the US stock markets closed little changed. S&P 500 at 2,389 points is slightly up 0.06%.

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