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Markets live: Sensex, Nifty fall in opening trade, Reliance Infrastructure shares rise

LiveMint logoLiveMint 12-05-2017 Livemint

Mumbai: The BSE Sensex trades lower in the opening trade. The broader NSE Nifty, too, falls on Friday. The Indian rupee rises marginally against the US dollar. The shares of Glenmark Pharmaceuticals fall, while the Reliance Infrastructure shares rise over 6%.

9.45am: BSE Sensex trades lower by 40 points, or 0.13%, to 30,211, while the Nifty 50 falls 19 points, or 0.20%, to 9,404.

9.35am: Glenmark Pharmaceuticals lost as much as 15.19% to Rs767 per share after its Jan-Mar quarter profit misses estimates. It reported 23.5% rise in consolidated net profit to Rs183.76 crore for the fourth quarter ended 31 March, 2016-17, mainly on account of robust sales in the US.In comparison, it had posted a net profit of Rs148.79 crore for the January-March period of 2015-16, Glenmark said in a filing to BSE.

9.30am: Reliance Infrastructure gained as much as 6.43% or Rs630 per share after Delhi Airport Metro Express Private Ltd (DAMEPL), a subsidiary of Reliance Infrastructure, has won an arbitration against Delhi Metro Rail Corp. (DMRC), which would fetch the company a compensation of Rs2,950 crore for the termination of the concession agreements for the project, the Anil Ambani-led company said in a statement on Thursday.

9.20am: GlaxoSmithKline (GSK) Consumer Healthcare gained as much as 1.94% to Rs5,352.70 per share after the company posted an 8.42% rise in stand-alone net profit for the quarter ended March 31 at Rs175.88 crore against a net profit of Rs162.22 crore in the corresponding period a year ago.

9.15am: ICRA Ltd gained as much as 2.33% to Rs4,400 per share after it reported a growth of 23.2% in its net profit to Rs20 crore and Operating Income grew 8.8% to Rs58.07 crore.

9.10am: Arvind lost as much as 3.08% to Rs395.10 per share after Global brokerage Credit Suisse maintained ‘Outperform’ rating on Arvind Ltd with a target price of Rs450.

9.08 am: Indian rupee was trading at 64.33, up 0.08% from its Thursday’s close of 64.38. The rupee opened at 64.32 a dollar and touched a high of 64.30 and a low of 64.34.

9.05am: The 10-year bond yield closed at 6.938% compared to its previous close of 6.942%. Bond yields and prices move in opposite directions.

9.03am: Asian currencies were trading mixed. Japanese yen up 0.158%, Indonesian rupiah 0.09%, China renminbi 0.039%, China offshore 0.028%, Malaysian ringgit 0.023%, Philippines peso 0.010% and Thai baht 0.009%.

9.00am: Markets in Asia got off to a weaker start early Friday, following the lower close stateside on weak earnings from US retailer Macy’s and ahead of the G7 finance meeting in Italy.

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