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Markets Live: Sensex, Nifty open higher, Dredging Corp shares rise 5%

LiveMint logoLiveMint 19-06-2017 Livemint

Mumbai: BSE Sensex opened higher on Monday.The broader Nifty, too, rose in the opening hours. The Indian rupee, tracking Asian currencies, rises against the US dollar. The shares of Tata Steel and Reliance Industries (RIL) rise, while pharma stocks including Dr Reddy’s Laboratories, Sun Pharma, Lupin and Cipla fall.

9.40am: Dredging Corp of India shares rise 5% to Rs724 after a report said draft cabinet note shows govt plans to divest all of its stake in the company.

9.35am: Tata Steel Ltd rose 1.4% to Rs509.20 after the company said in a notice to BSE that Tata Sons Ltd, the holding company of India’s salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltd’s stake in Tata Motors Ltd on or after 23 June.

9.30am: Bajaj Auto Ltd rose 2.6% to Rs2,880.50 after Maharashtra government removes cap on Taxi, Autorickshaw permits.

9.25am: Dr Reddy’s Laboratories Ltd fell 1.1% to Rs2,647 after the company on Friday said it has received Form 483 observation for its formulations plant in Srikakulam .

9.20am: Lanco Infratech Ltd fell 5.5% while Monnet Ispat & Energy Ltd fell 4% after both the company said on Saturday that RBI directed to start insolvency proceedings.

9.15am: The rupee opened at 64.40 a dollar. At 9.15am, the rupee was trading at 64.36 a dollar, up 0.10% from its Friday’s close of 64.43.

9.10am: Asian currencies were trading higher as markets geared up ahead of Brexit negotiations between the UK and the European Union (EU), and as French president Emmanuel Macron’s party won a parliamentary majority at the weekend. South Korean won was up 0.43%, Philippines peso 0.19%, Malaysian ringgit 0.16%, Singapore dollar 0.1% and Taiwan dollar 0.08%. However, Indonesian rupiah was down 0.18% and Japanese yen fell 0.12%.

9.00am: Asian bourses were mixed in early trade on Monday as markets geared up ahead of Brexit negotiations between the UK and the European Union, and as French President Emmanuel Macron’s party won a parliamentary majority at the weekend.

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