Market Live: Sensex, Nifty at life time highs, Tata Motors, SBI, Infosys major gainers | Indian Share Market

Indian Share Market


Market Live: Sensex, Nifty at life time highs, Tata Motors, SBI, Infosys major gainers

Mumbai: The BSE Sensex hit an all-time high at 31,802 points in early trade. The broader NSE’s Nifty also rose, hitting a record high of 9,800 points. The Indian rupee trades stronger against the US dollar. The shares of Tata Motors, SBI, Infosys and Sun Pharma rise, whereas the shares of Cipla and Bharti Airtel fall.

■ 9.30am: BSE Sensex trades higher by 65 points, or 0.20%, to 31,780, while the Nifty 50 rises 15 points, or 0.16, to 9,786 points.

■ 9.27am: Rolta India Ltd rose 3.6% to Rs63.25. The company offers to issue new $500m of five-year bonds to holders of its two defaulted notes as part of plan to tackle close to $1 billion of outstanding debt. The company offers to replace $499m of existing 2018/2019 notes without accrued interest.

■ 9,25am: Sugar stocks trade higher. Shree Renuka Sugars Ltd rose 3.8%, Bajaj Hindusthan Sugar Ltd rose 2.6%, Dalmia Bharat Sugar & Industries Ltd 2.5%, Andhra Sugars Ltd 1.2%, Dhampur Sugar Mills Ltd 3%, Dwarikesh Sugar Industries Ltd 2.1%.

■ 9.20am: Bajaj Electricals Ltd rose 3.7% to Rs341.90 after the company announced that it had advanced a sum of Rs3.80 crore to Starlite Lighting.

■ 9.15am: The rupee was trading at 64.48 a dollar, up 0.12% from its Monday’s close of 64.53.

■ 9.12am: Jet Airways India Ltd rose 2.1% to Rs618.65. According to ET report, Global carriers Lufthansa and KLM-Air France, and private equity funds —Blackstone Group, KKR & Co and TPG Capital — have joined the race along with US airlines Delta to invest around $200-250 million in Jet Airways.

■ 9.10am: The 10-year bond yield was at 6.465%, compared to its previous close of 6.474%. Bond yields and prices move in opposite directions.

■ 9.05am: SpiceJet Ltd fell 1.3% to Rs123.60. According to an ET report, SpiceJet’s former promoter, Kalanithi Maran of Sun Group, has sought over Rs2,000 crore compensation from current promoter Ajay Singh and the airline for allegedly causing losses by failing to honour contractual obligations

■ 9.00am: Asian currencies were trading higher. Thai baht was up 0.13%, Indonesian rupiah 0.12%, Philippines peso 0.12%, South Korean won 0.06%, Singapore dollar 0.05% and Taiwan dollar 0.05%. However, Japanese yen was down 0.12%.

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