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Markets Live: Sensex, Nifty trade lower, aviation stocks gain

LiveMint logoLiveMint 21-06-2017 Livemint

Mumbai: The BSE Sensex opens lower on Wednesday. The broader Nifty, too, was trading lower in the opening hours of Wednesday. The Indian rupee on Wednesday weakened for the second session against the US dollar tracking losses in the Asian currencies markets.

Asian bourses were in the red in early Wednesday trade following MSCI’s decision to add mainland Chinese stocks to its emerging markets index gradually and as oil prices slipped around 2% overnight.

Here are the latest updates:

9.40am: BSE Sensex trades lower by 97.55 points, or 0.31%, to 31,207.97, while the Nifty 50 falls 43.10 points, or 0.45%, to 9,610.40.

9.30am: Aviation stocks gains after international crude oil prices fell to a seven-month low. InterGlobe Aviation Ltd rose 1.5%, SpiceJet Ltd 2.2% and Jet Airways India Ltd was up 1.8%.

9.25am: Credit Analysis and Research Ltd rises 2.4% to Rs1,490 after Canara Bank decided to sell nearly 9% stake in the credit ratings firm CARE Ltd that could fetch it over Rs393 crore.

9.20am: ABB rises 2.5% to Rs1,532.25 while Larsen & Toubro Ltd (L&T) rises 1.5% to Rs1,777.30. According to an Economic Times report, ABB, the Swedish-Swiss multinational, is in discussions with L&T to acquire its electrical and automation division. The division that generated revenues of Rs4,650 crore and operating profit of a little over Rs700 crore in 2016-17 is expected to be valued at Rs14,000-18,000 crore.

9.15am: The rupee opened at 64.62 and touched a low of 64.64 a dollar. At 9.15am, the rupee was trading at 64.60 a dollar, down 0.2% from its Tuesday’s close of 64.50.

9.10am: The 10-year bond yield was at 6.444% compared to its previous close of 6.451%. Bond yields and prices move in opposite directions.

9.05am: South Korean won was down 0.5%, Philippines peso 0.21%, Taiwan dollar 0.18%, Malaysian ringgit 0.13%, Indonesian rupiah 0.08%, China offshore 0.08%, Thai baht 0.06% and China renminbi 0.05%. However, Japanese yen was up 0.15%.

9.00am: US equities closed lower Tuesday, pulling back from record highs, as oil prices pressured energy stocks.

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