The BSE Sensex opened higher on Wednesday against the previous session’s closing. The broader NSE’s Nifty, too, rose in the morning hours. The Indian rupee opened weaker against the US dollar. The shares of Adani Ports, HUL, HDFC rose, whereas the shares of L&Tand Coal India fell.

9:45 am : Shares of JK Tyre and Industries declined nearly 8 percent intraday on Wednesday as the company reported net loss in the quarter ended June 2017 (Q1FY18).

The company registered consolidated loss at Rs 108 crore in the quarter ended June 2017 against profit of Rs 100 crore, in the same quarter last year.   Revenue of the company was down at Rs 1,943 crore versus Rs 1,958 crore.

9:35 am:  Benchmark indices were off the day’s high points, with the Nifty  falling below 9800-mark.   Benchmark indices pared opening gains to turn flat amid mixed global cues even after easing tension over North Korea caused global stocks to rise on Wednesday.

Back home, investors reacted to the rise in retail inflation. July CPI picked up to grow at 2.36%, firming up for the first time in three months, mainly due to an increase in foods prices. Services costs were more or less flat, indicating that GST’s inflationary impact on them was yet to play out.   It had witnessed had fallen sharply to 1.46% in June while rising at 6.07% in July at a year ago.

source: moneycontrol.com