Market Live: Sensex, Nifty open lower, Asian Paints, Bharti Airtel top gainers | Indian Share Market

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Market Live: Sensex, Nifty open lower, Asian Paints, Bharti Airtel top gainers

Mumbai: The BSE Sensex and NSE Nifty opened lower on Tuesday after closing at an all-time high on Thursday. The Indian rupee also opened lower against the US dollar tracking losses in the Asian currencies market. Shares of Bharti Airtel, Asian Paints, Axis Bank and TCS rose, whereas those of M&M, Tata Motors and Dr Reddy’s Labs fell.

■ 9.30am: BSE Sensex opened lower by 30.04 points, or 0.09%, to 32,603.60, while the Nifty 50 inched down 5.10 points, or 0.05%, to 10,225.75.

■ 9.23am: Wipro Ltd rose 0.09% to Rs290.30 ahead of its September quarter earnings. According to 26 Bloomberg analyst estimates, the company may post net profit of Rs2,072.50 crore while revenues will be at Rs13,841.90 crore.

■ 9.20am: Axis Bank Ltd gained 1% to Rs525.15 ahead of its September quarter earnings. According to 20 Bloomberg analyst estimates, the bank may post net profit of Rs1,317.50 crore.

9.17am: Bajaj Auto Ltd added 0.7% to Rs 3,243.70 ahead of its September quarter earnings. According to 3 Bloomberg analyst estimates, the company may post net profit of Rs 1,012.50 crore while revenues will be at Rs 6289 crore.

■ 9.15am: The rupee opened at 64.80 a dollar. At 9.15am, the home currency was trading at 64.85 against the dollar, down 0.19% from its Wednesday’s close of 64.72.

■ 9.13am: The 10-year bond yield was at 6.744% compared to its previous close of 6.734%. Bond yields and prices move in opposite directions

■ 9.10am: Asian currencies were trading lower as dollar gained after Bloomberg reported that economist John Taylor was said to make a favourable impression on President Trump during an interview for the position of Federal Reserve chairman, while the prospects of former Fed Governor Kevin Warsh faded.

South Korean won was down 0.34%, China Offshore spot 0.21%, Singapore dollar 0.20%, China renminbi 0.18%, Philippines peso 0.17%, Indonesian rupiah 0.13%, Taiwan dollar 0.13%, Malaysian ringgit 0.13%, Taiwan dollar 0.13%, Thai Baht 0.07%. However, Japanese yen was up 0.11%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.337, up 0.03% from its previous close of 93.312.

Source:livemint.com

Categories:   Stock Market

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