(Express Photo)
10.13 am: Sensex jumped 424 points at 26388. State Bank of India, ICICI Bank and Axis Bank were up over 3 per cent.
10.09 am: National Buildings Construction Corporation shares jumped as much as 2.50 per cent in the morning trade after the company said it is foraying into e-commerce business. The scrip was trading 2.24 per cent higher at Rs 940.50. Sensex was up 399.35 points at 26,363.32. Nifty was up 120 points at 8,019.25.
Meanwhile, Economic Affairs Secretary Shaktikanta Das on Friday said that US Fed decision to hold rates gives more room to emerging markets for policy adjustment.
9.48 am: Nifty was up 103 points at 8,002. Tata Motors was down over 2 per cent at Rs 330.35. Tata Steel before market hours today on Friday said that the company based on the review of its portfolio, is proposing to sell equity shares of face value of Rs 2 each of Tata Motors to institutional investors over the stock exchange for a value not exceeding Rs 1,250 crore. The price will be discovered through a book building process. Tata Steel also proposes to sell equity shares of face value of Rs 2 each of Tata Motors to Tata Sons around the market price through an off-market transaction for a total value not exceeding Rs 1,250 crore.
9.38 am: The rupee strengthened by 32 paise to 66.14 against the US dollar in early trade today at the Interbank Foreign Exchange after the American currency tumbled against major world currencies as the Federal Reserve decided again not to increase interest rates. Sensex was up 320 points at 26,284. Nifty was up 93 points at 7,992.
9.21 am: The BSE Midcap and Smallcap index were up 0.99 per cent and 0.88 per cent at 10,657 and 10,779. Sensex was up 321 points at 26,285. Meanwhile, Finance Minister Arun Jaitley said, inflation and deficit are under control and rupee has been more stable than other currencies.
9.19 am: Sensex was up 243 points at 26207 while Nifty was trading 66 points higher at 7965. Axis Bank and State Bank were trading over 2 per cent higher at Rs 507 and Rs 241 in the early trade.
Domestic equity markets opened on a positive note on Friday after the US Federal Reserve decision to leave interest rates unchanged. Sensex opened 166.39 points higher at 26,130.36.
Shares of banking and realty sector opened 1 per cent higher than their previous close. The BSE Bankex and BSE Realty index were up 1.36 per cent and 1.31 per cent at 19,699.70 and 1,312.
Domestic equity markets were closed on Thursday on account of Ganesh Chaturthi. On Wednesday, the BSE Sensex and NSE Nifty gained 1 per cent and 0.89 per cent at 25963.97 and 7899.15.
Global Markets
New York: Major Wall Street indices gave up a 1-per cent rally to end lower on Thursday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates.
London: Britain’s share market on Thursday gave up some of its gains from the previous session, with engineering companies such as Smiths Group and Weir Group falling on concerns about peer Rotork’s outlook.
Tokyo: Japan’s Nikkei snapped a three-day winning streak on Friday after the US Federal Reserve kept interest rates unchanged on worries about the global economy, while investors refrained from taking large positions before long holidays in Japan.
Hong Kong: The Hang Seng index was up 0.31 per cent.
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