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Markets live: Sensex, Nifty open flat, Vedanta shares rise over 3%

LiveMint logoLiveMint 12-04-2017 Livemint

BSE Sensex and NSE Nifty trade marginally higher in opening trade on Wednesday. The Indian rupee falls slightly against the US dollar whereas the Asian currencies trade mixed. The shares of Vedanta Ltd rise over 3% while those of Adani group companies and Reliance Defence and Engineering fall in morning trade. The shares of liquor companies too trade lower on Wednesday.

9.36am: BSE Sensex trades lower by 7 points, or 0.02%, to 29,781, while the Nifty 50 rises 8 points, or 0.09%, to 9,245.

9.30am: Vedanta Ltd rose 3.3% while Cairn India Ltd rose 3% to Rs313.05. Metals and mining group Vedanta Ltd, controlled by London-based non-resident Indian businessman Anil Agarwal, said the merger with its oil and gas subsidiary Cairn India Ltd has become effective as of Tuesday.

9.28am: Adani group stocks trading lower. Adani Enterprises Ltd fell 1.4%, Adani Ports and Special Economic Zone Ltd fell 0.5%, Adani Transmission Ltd 1.4% and Adani Power Ltd 2.8%.

9.25am: Liquor stocks trading lower. United Spirits Ltd fell 1.5%, Pioneer Distilleries 1%, Globus Spirits 0.4%, Empee Distilleries 0.5%, GM Breweries 0.7%, Tilaknagar Industries 1.4%, Radico Khaitan 1.3% and United Breweries was down 1.1%

9.20am: Reliance Defence and Engineering Ltd fell 1.8% to Rs67.30 after the company reported a net loss of Rs139.92 crore in the December quarter against a net profit of Rs102.44 crore a year ago.

9.15am: The rupee opened at 64.62 a dollar. At 9.15am, the home currency was trading at 64.60, down 0.19% from its Tuesday’s close of 64.50.

9.10am: The 10-year bond yield was trading at 6.8% compared to its previous close of 6.81%. Bond yields and prices move in opposite directions.

9.00am: Asian currencies were trading mixed. South Korean won was up 0.21%, Singapore dollar 0.11%, Japanese yen 0.11%, Taiwan dollar 0.1% and Thai baht rose 0.04%

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