Mumbai, India (BBN)- The benchmark 30-share S&P BSE Sensex was trading lower by 80.91 points or 0.29% at 27,446.31 in early trade on Thursday dragged by global concerns.
The Nifty opened below 8,500, down 14.45 points or 0.2% at 8,499.55, reports Livemint.
10.10am: The 30-share S&P BSE Sensex is currently trading higher by 31.10 points, or 0.11%, to 27,558.32, while the Nifty 50 of the National Stock Exchange (NSE) rises 13.05 points, or 0.15%, to 8,527.05.
10.00am: Strides Shasun Ltd rises 3.3% to Rs1,081.95. The company said it and Mylan agree to settle regulatory and general claims on Agila transaction. After payment to Mylan, Strides to receive approximately $30 million from regulatory escrow.
9.50am: Tata Motors Ltd falls 0.7% to Rs510.35. According to CNBC TV, four Tata Motors directors backed Cyrus Mistry, and one declined to comment; independent directors are going to meet ahead of crucial 14 November board meeting.
9.40am: The benchmark 10-year government bond yield was trading at 6.807% compared to Wednesday’s close of 6.815%. Bond yields and prices move in opposite directions.
9.30am: The Indian rupee opened at 66.73 against the US dollar, up 0.01% from its previous close of 66.72. So far this year, it fell 0.83%.
9.20am: Japan’s Nikkei 225 index is closed for a holiday, while Hong Kong’s Hang Seng dropped 0.5% to 22,699.92. The Shanghai Composite index rose 0.20% at 3,108.71 and South Korea’s Kospi down 0.2% to 1,972.30. Australia’s S&P ASX 200 fell 0.10% at 5,223.71. Markets in Southeast Asia and Taiwan are trading lower.
9.10am: Benchmark US crude rebounded, rising 44 cents to $45.79 a barrel in electronic trading on the New York Mercantile Exchange. It sank $1.33 to $45.34 a barrel on Wednesday after a report from the Energy Department showed a sharp buildup in crude oil supplies last week. Brent crude, used to price international oils, added 60 cents at $47.46 a barrel. It lost $1.28 to $46.86 a barrel in London.
9.00am: The dollar fell to ¥102.82 from ¥103.28, while the euro rose to $1.1117 from $1.1096.
8.50am: US Stocks retreated for a seventh consecutive day on Wednesday, the market’s longest decline in five years, as investor worries about the US presidential election continued to weigh on the market.
The Dow Jones industrial average fell 0.4%, to 17,959.64. The Standard & Poor’s 500 index fell 0.7%, to 2,097.94. The Nasdaq composite lost 0.9% to 5,105.57.
For the year, the Dow is up by 3.1%, while the S&P 500 is up by 2.6%. The Nasdaq is up by 2%.