The BSE Sensex and NSE Nifty opened on a positive note on Wednesday tracking firm global cues. Sensex opened 178.12 points up at 25,884.05. Nifty opened 57.75 points up at 7886.85. (Photo: Reuters)
10.10 am: Equity brokers said fresh positions built up by investors tracking gains in other Asian bourses and overnight rally in US markets ahead of the Federal Reserve’s rate decision this week bolstered trading sentiment. Sensex was up 175 points at 25,881.
10.06 am: The rupee depreciated another 11 paise to 66.47 against the dollar in early trade on foreign funds outflows amid a significant slump in the country’s exports. The BSE IT and BSE Healthcare index were up 0.84 per cent and 1.14 per cent at 11,194.42 and 17,314.
9.50 am: Sun Pharmaceutical Industries’ one of subsidiary has entered into an agreement and plan of merger with InSite Vision Inc. (InSite Vision). InSite Vision focuses on developing new specialty ophthalmic products, including three late stage programs. The scrip was trading 2.57 per cent higher at Rs 889. Sensex was up 201 points at 25,907. Nifty was up 57.50 points at 7,886.60.
9.28 am: Sensex was up 145 points at 25,851. Barring the Capital Goods index (down 0.29 per cent) and Consumer Durables index (down 0.07 per cent) in the BSE sectoral indices, rest all other indices were trading in green. The Metal index and Realty index were up 0.90 per cent and 0.80 per cent, respectively.
9.15 am: Domestic equity markets opened on a positive note on Wednesday tracking firm global cues. Sensex opened 178.12 points up at 25,884.05. Nifty opened 57.75 points up at 7886.85.
Vedanta and Cairn India received no objection from the BSE and the NSE for the proposed merger of Cairn India with Vedanta, both the companies announced after market hours on Tuesday. Cairn India and Vedana were trading 1.14 per cent and 3.04 per cent higher at Rs 146.65 and Rs 99.85, respectively, on BSE.
The stock markets will remain closed on Thursday, September 17, on account of Ganesh Chaturthi.
Sensex and Nifty fell 0.58 per cent and 0.55 per cent at 25,705.93 and 7829.10 on Tuesday. The FIIs as per Tuesday’s data were net buyers in equity while they were net sellers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 2,647.93 crore against gross sell of Rs 2,511.80 crore. Thus, FIIs stood as net buyers of Rs 136.13 crore in equities. In the debt segment, the gross purchase was of Rs 603.28 crore with gross sales of Rs 719.78 crore. Thus, FIIs stood as net sellers of Rs 116.50 crore in debt.
Global Markets
US: The US markets closed higher on Tuesday and the main indices scored their third winning session in the last four. The Dow Jones Industrial Average added 228.89 points or 1.40 per cent to 16,599.85, the Nasdaq was up by 54.76 points or 1.14 per cent to 4,860.52 while, the S&P 500 gained by 25.06 points or 1.28 per cent to 1,978.09.
London: Britain’s top equity index turned higher in thin trade on Tuesday, as a strong start to trade on Wall Street helped lift mining stocks off their lows, including Glencore, which hit another all-time trough early in the day.
Tokyo: Japanese stocks rose early on Wednesday as investors took confidence from signs of health in the US economy and a rally on Wall Street, while value managers picked up bargains on low price-to-book stocks.
Hong Kong: The Hang Seng Index was up 1.03 per cent.
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