The BSE Sensex and NSE Nifty opened marginally in red taking cues from global markets. Sensex opened 33.73 points down at 25,785.61. Nifty opened 12.25 points down 7,837. (Photo: PTI)
9.40 am: The rupee recovered from over two-month low by rising 13 paise to 66.34 against the dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.
9.28 am: Lanco Infratech on Monday announced that its subsidiary Lanco Solar Private Limited signed a landmark agreement with Chhattisgarh Government to bring Chhattisgarh on the global silicon map. As per the MOU inked on Monday with the Chhattisgarh Government, Lanco Solar will set up 100 MW solar cell manufacturing plant. Shares of Lanco Infratech was trading 19.89 per cent up at Rs 6.39.
9.22 am: Shares of Gammon India were up around 17 per cent in the early trade. The company on Monday informed BSE that the Corporate Debt Restructuring Empowered Group-(CDR EG) in its meeting held on November 23, 2015 has discussed and noted the invocation of Strategic Debt Restructuring (SDR) in the Company by the CDR Lenders, pursuant to RBI Circular dated June 08, 2015.
9.18 am: Shares of Petronet LNG will remain in focus today as after months of intense negotiations, RasGas of Qatar has agreed to not to press for the $ 1 billion in penalty that Petronet LNG, India’s biggest import of liquefied natural gas (LNG), has to pay for buying only 68 per cent of the contracted 7.5 million tonnes this year. Shares of Petronet LNG were trading 0.21 per cent up at Rs 233.85 in the early trade. Sensex was down 47.45 points at 25,771.89. Nifty was down 23.35 points at 7825.90.
9.15 am: Domestic equity markets opened marginally in red taking cues from global markets. Sensex opened 33.73 points down at 25,785.61. Nifty opened 12.25 points down 7,837.
Asian shares dragged their feet on Tuesday after a healthcare mega-merger failed to impress investors while the dollar held firm near an eight-month high as investors grew more convinced of a US rate hike next month.
Wall Street shares edged down on Monday with Pfizer’s plan to buy Allergan plc in a $160 billion deal quickly drawing criticism from politicians as a tax dodge.
Back home, benchmark indices were plagued with volatility on Monday on account of the derivatives expiry on Thursday. The India VIX registered an increase of 7.5 per cent to 17.15 in Monday’s trade. The Sensex and the Nifty both struggled in afternoon trade on selling pressure in banking, FMCG and metals stocks. BSE Sensex closed 49.15 points down at 25819.34, while NSE Nifty closed 7.30 points down at 7849.25.
(With inputs from agencies)
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