The BSE Sensex and NSE Nifty opened in green on Thursday on the back of value buying in some beaten down blue chip stocks. (Photo: Reuters)
11.19 am: Sensex was up 30 points at 25,066.84. Nifty was up 6.70 points at 7,619.
10.50 am: Havells India share price gained as much as 5.16 per cent in the morning trade on Thursday after the company announced 100 per cent stake sale in Havells Sylvania Malta BV to Shanghai Feilo Acoustics.
10.30 am: Inox Wind’s wholly owned subsidiary – Inox Wind Infrastructure Services has acquired 100% equity shares of Sarayu Wind Power (Tallimadugula) with effect from December 09, 2015. Pursuant to this, Sarayu Wind Power (Tallimadugula) has become step down subsidiary of Inox Wind. The company has taken this step in continuance with its expansion in Andhra Pradesh state.
9.56 am: Brokers said value-based buying in blue-chips after recent losses coupled with covering of short positions by speculators influenced trading sentiment. In the 50-share index, Hindalco, Vedanta, GAIL, Reliance Industries and Tata Steel were up between 1.50 per cent and 2.80 per cent. On the other hand, Lupin, Zeel, Sun Pharma, YES Bank and BPCL were down between 0.95 per cent and 2.25 per cent. Nifty was up 7,638.95.
9.50 am: The rupee rose marginally by 4 paise to 66.79 against the US dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks. Sensex was up 75 points at 25,111.
9.25 am: Drug firm Aurobindo Pharma has received final approval from the US health regulator to manufacture and market its oral contraceptive Levonorgestrel tablets. Shares of Aurobindo Pharma were trading 1.14 per cent up at Rs 795.65.
9.20 am: Shares of Biocon jumped 1.5 per cent in the early trade after the company on Wednesday informed BSE that NeoBiocon, a collaboration between Biocon Ltd and BR Shetty led UAE-based Neopharma, has partnered with Novartis Middle East FZE to market diabetes drugs Jalra and Jalra-M in the UAE. Sensex was up 101 points at 25,137.
9.15 am: The BSE Sensex and NSE Nifty opened in green on Thursday on the back of value buying in some beaten down blue chip stocks. Sensex opened 100.66 points up at 25,136.71, while NSE Nifty index opened 30.80 points up at 7,643.30.
The domestic benchmark indices – Sensex and Nifty – corrected over 4 per cent in the past six trading sessions till December 9. BSE Sensex lost 1,133.36 points, while NSE Nifty shed 342.40 points during the period.
Asian stocks slipped on Thursday as weak oil prices continued to feed global growth worries, while the euro held solid gains after a policymaker poured cold water on market expectations of more easing by the European Central Bank.
The S&P 500 tracked weaker commodities and lost 0.8 per cent on Wednesday, while the Dow lost 0.4 per cent and the Nasdaq shed 1.5 per cent.
Back home, stock markets tumbled for a sixth straight session on Wednesday as the BSE Sensex plummeted by 274 points while the NSE Nifty cracked below the 7,700-level.
(With agency inputs)
| Subscribe To Our Free Newsletter |
