Live market updates: Sensex rises 120 points to reclaim 29000 mark - Livemint

A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint

1:40am: The 30-share S&P BSE Sensex rose 120.14 points, or 0.42%, to 28,999.52, heading towards its highest close since 5 March.

1:00pm: Bhel shares gain 2.6% after the company said it commissioned a 600MW thermal power project in Chhattisgarh.

12:30pm: Emerging-market stocks headed for the longest rally in 10 years as Chinese shares climbed after a surprise drop in exports fuelled speculation of more monetary stimulus. The MSCI Emerging Markets Index climbed 0.7% by 8:16am in London, rising for an 11th day. Hong Kong-listed Chinese companies, so-called H shares, jumped 3.8% after data showed a 15% slump in the dollar value of exports.

11:55am: Coal India shares rose as much as 1.9% after a finance ministry official said that another tranche of share sale in state-run miner Coal India Ltd is “not ruled out”. Aradhana Johri, divestment secretary at the ministry, did not specify any timeframe for the share sale in the company. Read more.

10:18am: The BSE Sensex is currently trading at 28,860.85, down 18.53 points, or 0.06%.

9:55am: NMDC Ltd, India’s biggest iron ore producer, gains as much as 3.1% to over five-week high, after LIC raises its stake in the company to 10.12%. LIC has bought 2% additional stake in the company between September 2014 and April 2015. LIC’s move to increase its stake in NMDC indicates value buying in the stock, say traders.

9:50am: Gail (India) Ltd falls 2% after Credit Suisse downgraded the stock to “underperform” from “neutral” saying that India’s LNG demand has fallen with a drop in oil prices, which has hit GAIL’s gas trading business.

9:45am: L&T gains 1.05% to Rs.1,779.95 apiece, after it signed an MoU with French firm Areva for cooperation to maximize localization for the 9,900-MW Jaitapur nuclear plant in Maharashtra.

9:40am: Among the losers, Gail India Ltd loses 2.29%, Dr Reddy’s Laboratories Ltd falls 0.95%, Mahindra and Mahindra Ltd slips 0.82% and Tata Motors Ltd was dowb 0.69%.

9:35am: Among the 30 Sensex stocks, the gainers included L&T that gained 1.19% to Rs.1,782.45 per share, BHEL rose 1.02% to Rs.237.25 and HDFC climbs 0.97% to Rs.1,302.80.

9:31am: Among the BSE sectoral indices, the capital goods index was the top gainer, up 0.79%, followed by the consumer durables index, that was up 0.88%.

9:27am: The 30-share S&P Sensex was trading lower by 0.01%, or 3.38 points, at 28,875.50 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.09%, or 8.20 points, at 8,772.15 points.

9:15am: Equity markets opened marginally lower ahead of consumer price index (CPI)-based inflation data due later in the day.

9:10am: The Indian rupee on Monday weakened marginally to 62.33 per dollar, down from its previous close of 62.32, tracking the losses in Asian currencies markets. Read more.

9:05am: Brent is trading down about 0.1% at $57.84 a barrel, after adding 5.3% last week. US crude edged down about 0.2% to $51.54 after an increase of 5% last week, its fourth consecutive weekly rise.

9:01am: Japan’s Nikkei stock average was nearly flat in early trade, after rising above the 20,000 on Friday for the first time in 15 years.

9:00am: Asian shares get off to a shaky start as recent rallies offered traders a profit-taking opportunity. MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 0.1% after touching its highest levels since September in the previous week.

8:55am: Wall Street marked solid gains for both the day and the week on Friday, while the pan-European FTSEurofirst 300 share index reached a 15-year high and Germany’s DAX rose to a record.