Tata Motors, Bharti Airtel, Coal India, HPCL, Kotak Bank and Reliance are top gainers on key indices, whereas Infosys, Yes Bank, HDFC, Wipro and Adani Ports lead losses. Here are the latest updates from the markets

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 declined, halting a 5-day winning streak, amid a selloff in global markets ahead of the US Federal Reserve monetary policy decision due on December 19. Asian share markets slumped as rising concerns about a slowing global economy sent US stocks falling to their lowest levels in over a year. Equities declined in Japan and Australia, though were little changed in China, Hong Kong and South Korea. Oil prices fall 1% as reports of rising US inventories and forecasts of record shale output stoked worries about oversupply.

9.53 am IST
Market Update: Sensex, Nifty trade lower
The BSE Sensex traded 153.66 points, or 0.42%, down at 36,116.41, and the Nifty 50 fell 47.45 points, or 0.44%, to 10,840.90. Intraday, the Sensex declined 222.58 points to 36,047.49, and the Nifty 50 dropped 62.15 points to 10,826.20.
The BSE midcap and smallcap indices gained 0.10% and 0.22%, respectively. Among the sectoral indices on BSE, consumer durables, utilities, power and industrials advanced. IT, teck, finance, bankex, realty and FMCG led losses.

9.42 am IST
Ashoka Buildcon shares rise 8% on fund raise
Ashoka Buildcon shares jumped as much as 8.25% to Rs 137.70 per share after the company said its unit raised Rs 150 crore from Morgan Stanley India Infrastructure for city gas distribution.

9.25 am IST
Graphite India shares jump 3% on Karnataka plant approval
Graphite India Ltd advanced as much as 3.3% to Rs 877.70 per share after Karnataka State Pollution Control Board renewed the consent to operate for Graphite India’selectrode plant in Bengaluru for a period up to June 30, 2020 only with the condition to shift the unit from the existing location. The company said that this condition will not have adverse impact on the production capacity of the graphite electrode division in the medium term and long-term horizon.

source: livemint.com