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Markets live: Sensex, Nifty jump in opening trade, RIL shares rise over 2%

LiveMint logoLiveMint 25-04-2017 Livemint

BSE Sensex rises in early trade. The broader NSE’s Nifty 50, too, rises on Tuesday morning. The Indian rupee, tracking Asian currencies, edges up against the US dollar. The shares of Reliance Industries Ltd and Biocon rise, while those of JK Tyre, Oberoi Realty and Rallis India fall on Tuesday morning.

9.30am: BSE Sensex trades higher by 174 points, or 0.59%, to 29,830, while the Nifty 50 rises 48 points, or 0.52%, to 9,266.

9.27am: The 10-year bond yield was trading at 6.943% compared to its previous close of 6.942%. Bond yields and prices move in opposite directions.

9.25am: Reliance Industries Ltd rose 2.3% to Rs1,449.25 after the company reported better-than-expected earnings. The company reported a 12.3% increase in its consolidated March quarter profit, boosted by higher refining margins and better earnings from its petrochemical unit. RIL’s March quarter profit of Rs8,046 crore was in line with analyst estimates. Consolidated gross revenue rose 45.2% from a year ago to Rs92,889 crore, mainly because of increased oil and petrochemical prices. During the March quarter, Brent crude prices averaged $54 per barrel compared with $48.2 a year ago.

9.20am: Rallis India Ltd fell 4% to Rs242.25 after the company reported 8.82% decline in its March quarter earnings to Rs31 crore from Rs34 crore a year ago.

9.15am: Biocon Ltd rose 5% to Rs1,119 after the company said its board will meet on 27 April to consider a bonus issue.

9.10am: The rupee opened at 64.41 a dollar. At 9.15am, the rupee was trading at 64.39 a dollar, up 0.07% from its Monday’s close of 64.44.

9.05am: Malaysian ringgit was up 0.28%, Taiwan dollar 0.13%, Indonesian rupiah 0.12% and Philippines peso rose 0.1%. However, Japanese yen was down 0.29%, South Korean won 0.11%, Thai baht 0.06% and Singapore dollar fell 0.06%.

9.00am: Equities in Asia were higher in early Tuesday trade following the global relief rally.

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