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Markets Live: Sensex, Nifty trade flat, L&T shares up 2%

LiveMint logoLiveMint 30-05-2017 Livemint

Mumbai: The BSE Sensex trades range bound in the early hours of Tuesday. The broader Nifty falls in the opening hours. The Indian rupee, tracking Asian currencies, falls against the US dollar. The shares of ICICI and Lupin rise, whereas those of TCS and Powergrid fall.

9.40am: BSE Sensex trades higher by 26 points, or 0.08%, to 31,136 points, while the Nifty 50 rises 2 points, or 0.02%, to 9,607 points.

9.37am: Larsen & Toubro Ltd shares rise 2% to Rs1,823.90 after the company reported a 28% jump in March quarter on higher revenue and lower taxes, beating the street expectations. Consolidated net profit in the quarter rose to Rs3,025 crore from Rs2,335 crore a year earlier.

9.35am: Jubilant FoodWorks Ltd shares fall 12% to Rs828.15 after the company said its net profit fell 75.9% to Rs6.7 crore in the March quarter from Rs27.8 crore in the year-ago period.

9.32am: Power Finance Corp Ltd shares fall 6% to Rs 128 after the company reported a net loss of Rs3,409.49 crore in the quarter ended 31 March 2017 due to lower interest income and provisions for bad loans.

9.30am: Bharat Heavy Electricals Ltd fell 7.2% to Rs142.30 after the company said its standalone net profit declined by 57% to Rs215.55 crore in the fourth quarter ended March, due to lower income and provisions for higher wages.

9.25am: Coal India Ltd fell 2.2% to Rs261.80. The company, on Monday reported a sharp drop in its consolidated net profit in the fourth quarter period ending March 2017 to Rs2,716.09 crore, down by 38% over the corresponding period profit of Rs4,398.35 crore.

9.20am: MMTC Ltd fell 6.4% to Rs55.35 after the company reported a net loss of Rs 20.82 crore in March quarter against a net profit of Rs20.68 crore a year ago.

9.15am: The rupee opened at 64.64 a dollar. At 9.15am, the rupee was trading at 64.66, down 0.22% from its Monday’s close of 64.50.

9.10am: The 10-year bond yield was trading at 6.668% compared to its previous close of 6.67%. Bond yields and prices move in opposite directions.

9.05am: Asian currencies were trading lower. Malaysian ringgit was down 0.24%, South Korean won 0.19%, Philippines peso 0.16%, Indonesian rupiah 0.11%, China Offshore 0.11%, Thai Baht 0.07%. However, Japanese yen was up 0.37%, China Renminbi 0.19%.

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