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Markets live: Sensex, Nifty open higher, IRB Infrastructure shares rise 1%

LiveMint logoLiveMint 03-05-2017 Livemint

Mumbai: The BSE Sensex rises in the opening hours of Wednesday. The NSE’s Nifty50, too, opens higher. The rupee, tracking Asian currencies, trades marginally higher against the US dollar. The shares of Power Grid and ONGC rise while those of ITC and TCS fall in the opening hours. Here are the latest updates.

9.30am: Shriram City Union Finance Ltd shares fall 4.2% to Rs2,091.60 after the company reported 78.3% decline in its March quarter’s net profit from a year ago period to Rs342 crore.

9.28am: BSE Sensex trades higher by 65 points, or 0.22%, to 29,986, while the Nifty 50 rises 17 points, or 0.18%, to 9,330.

9.27am: JM Financial Ltd shares rise 4% to Rs121.95 after the company reported 46.7% increase in its March quarter net profit to Rs210.26 crore from Rs143.28 crore a year ago.

9.25am: IRB Infrastructure Developers Ltd shares rise 1% to Rs269. IRB Infrastructure Developers’ infrastructure investment trust (InvIT) on Tuesday allotted units worth Rs2,094.5 crore to anchor investors ahead of its initial public offering (IPO) which opens on Wednesday.

9.20am: Cummins India Ltd shares rise 5.1% to Rs1,050 after brokerage firm Morgan Stanley has upgraded the stock to ‘overweight’ and increased its target price to Rs1,192 a share

9.15am: The rupee opened at 64.14 a dollar. At 9.15am, the rupee was trading at 64.13 a dollar, up 0.12% from its Tuesday’s close of 64.21.

9.10am: The 10-year bond yield was trading at 6.982% compared to its previous close of 6.987%. Bond yields and prices move in opposite directions.

9.05am: Asian currencies were trading higher. Malaysian ringgit was up 0.32%, South Korean won 0.18%, Philippines peso 0.15%, Singapore dollar 0.13%, Indonesian rupiah 0.13%, Taiwan dollar 0.09% and Thai baht 0.1%.

9.00am: US markets closed in green. S&P 500 at 2,391 is up 0.12% on gains in technology and industrial shares. In Asia equity markets in Hong Kong, Japan and South Korea are closed for holidays.

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