The BSE Sensex and NSE Nifty opened on a positive note ahead of inflation numbers. (Photo: PTI)
9.34 am: Sensex was down 51.50 points at 25,558.71. Shares of Sun Pharma were trading 0.50 per cent higher at Rs 850.
9.23 am: Sensex in red, down 2.07 points at 25,608. JK Tyre was trading 2.35 per cent lower at Rs 105.90. JK Tyre & Industries (JK Tyre) and its subsidiary JK Asia Pacific Singapore have signed a binding term sheet with Kesoram Industries (KIL) to acquire 100 per cent equity in Cavendish Industries (CIL) for Rs 2,200 crore. CIL houses a tyre business undertaking in Haridwar that manufactures a range of tyres, tubes and flaps. The acquisition will provide JK Tyre with additional capacity for ready expansion in the truck and bus radials segment, where it is a market leader, as well as entry into the fast growing two and three-wheeler tyre market.
9.21 am: The BSE Sensex was up 5.23 points at 25,615. NSE Nifty was down 9.30 points at 7,780.
9.15 am: The BSE Sensex and NSE Nifty opened on a positive note ahead of inflation numbers, as the WPI will be revealed during mid day, while the CPI numbers will come after market hours. Sensex opened 96.66 points higher at 25706.87. NSE Nifty opened 21.80 points higher at 7,811.10.
All the sectoral indices on the Bombay Stock Exchange were in green in the early trade. The BSE Realty index was up 0.96 per cent at 1,301.18.
Global Markets
New York: US stocks rose on Friday and the S&P 500 posted its biggest weekly gain since July as investors weighed whether the Federal Reserve will raise interest rates this month.
London: Britain’s top share index fell on Friday, led lower by a drop in house builders after weak UK construction data for July, and by struggling supermarket operators.
Tokyo: Japanese stocks edged down on Monday morning as lower oil prices hit energy firms while telecommunication shares were sold off after the prime minister called for cheaper cellphone rates.
Hong Kong: The Hang Seng Index was up 0.10 percent.
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