The BSE Sensex and NSE Nifty opened on a flat note on Wednesday tracking mixed Asian markets. (Photo: PTI)
11.08 am: Meanwhile, Raymond informed BSE that it has infused Rs 61.68 crore in Raymond Luxury Cottons (RLCL) by subscribing to the further issue of equity shares comprising 6,16,80,000 equity shares of Rs 10 each. RLCL has allotted the equity shares and the investment of the company in the equity share capital of RLCL now stands at Rs 127.68 crore constituting 75.69% of the equity capital. Raymond shares were trading 0.85 per cent down at Rs 412.25. Sensex was down 69.62 points at 25,794.
10.44 am: The 30-share barometer Sensex edged lower by 32.46 points or 0.13 per cent to 25,831 with indices led by IT, teck and realty leading the fall. The index had risen 253.94 points in the last two days.
10.02 am: Brokers said that apart from profit-booking in recent gainers, absence of any positive cues mainly dragged the indices down but a firming trend at other Asian markets, taking lead from overnight gains at the US markets, capped losses. Sensex shed 54 points in the morning trade, while Nifty was down 14.70 points at 7,822.85.
9.43 am: The rupee depreciated by 14 paise to 66.17 against the dollar at the Interbank Foreign Exchange in early trade on Wednesday on buying of the US currency by importers.
9.23 am: Shares of Dishman Pharmaceuticals climbed as much as 5.5 per cent on Wednesday after the company on Tuesday (post market hours) clarified that it has not received any USFDA warnings or any communication whatsoever due to Clovis issue.
9.21 am: Shares of Jet Airways, IndiGo and SpiceJet will remain in focus on Wednesday as Competition Commission on Tuesday slapped penalties totalling Rs 258 crore on these aviation companies for cartelisation in fixing fuel surcharge for transporting cargo. Jet Airways, IndiGo and SpiceJet were down 3 per cent, 1.67 per cent and 0.69 per cent, respectively. Sensex was down 20.91 points at 25,843.56
9.15 am: The BSE Sensex and NSE Nifty opened on a flat note on Wednesday tracking mixed Asian markets. Sensex opened 26.76 points, or 0.10 per cent, down at 25837.71. Nifty opened 14.40 points, or 0.18 per cent, down at 7823.15
Wall Street shares ceded earlier gains to end almost flat on Tuesday after German authorities called off a soccer game which German Chancellor Angel Merkel was due to attend, citing threats of bombing, sparking fears of another attack coming only days after the deadly assault in Paris. Dow Jones Industrial Average closed 0.04 per cent up at 17,489.50.
Back home, Sensex on Tuesday jumped over 104 points to 25,864.47, helped by value-buying in beaten-down stocks and a firm global trend after concerns about impact of Paris attacks receded. Nifty closed 30.95 points up at 7,837.55.
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