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Business News/ Market / Stock-market-news/  Live: Rupee closes stronger against US dollar at 63.44
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Live: Rupee closes stronger against US dollar at 63.44

Here are the key developments affecting the domestic and international markets today

A file photo of the BSE building in Mumbai. Photo: BloombergPremium
A file photo of the BSE building in Mumbai. Photo: Bloomberg

5:00pm: The rupee closed at 63.44, up 0.11% from previous close.

3:30pm: The S&P BSE Sensex closes 0.53%, or 146.99 points, higher at 28,092.79, while the Nifty ends 0.47%, or 40 points, higher at 8,484.90.

3:21pm: The S&P BSE Sensex is trading 0.59%, or 163.80 points, higher at 28,109.60, while the Nifty is up 0.52%, or 44.15 points, at 8,489.05.

2:30pm: The S&P BSE Sensex is now up 101.72 points, or 0.36%, to 28,047.52.

2:00pm: PVR shares surge as much as 8.6% after IDFC expects April-June period to be one of the best quarters ever for PVR. Q1 was led by great content and best ever occupancies, the broker said, adding that PVR’s revenue is expected to be 450 crore, with Ebitda of 95 crore and profit of 45.3 crore.

1:30pm: Subex shares jump as much as 8% after the company’s bondholders waived off the scheduled payment of interest on 6 July and 6 January 2016 under the terms and condition of the bonds of the company.

1:10pm: Bharti Airtel inch up around 1% as the company looks all set to launch full mobile number portability (MNP) from today, which will allow customers to retain their numbers across the country. The government has fixed 3 Julyas the deadline for a national rollout of MNP.

12:50pm: The S&P BSE Sensex is now trading higher by 108.27 points, or 0.39%, to 28,054.07.

12:40pm: Housing Development Finance Corp. Ltd (HDFC), the biggest mortgage lender, increased over 2%, the most in a week, to 1,310 and was the top gainer among Sensex stocks.

12:30pm: Larsen and Toubro rises 1.5% after the company’s subsidiary L&T Construction won orders worth 1,885 crore under power transmission and distribution business in domestic and international markets in June 2015. On the domestic front, the company received a major EPC order from Odisha Power Transmission Corporation.

12:15pm: Indian bonds headed for a weekly gain after central bank governor Raghuram Rajan said regulators will soon review foreign investment limits for government debt. The yield on the May 2025 notes fall 3 basis points for the week and 2 basis points on Friday to 7.79%.

11:50am: Steel Strips Wheels Ltd jumps 2.5% after the company reported 10% growth in its total wheel rim sales to 1.03 million compared with 930,000 in June 2014. In terms of value, the company has achieved gross turnover of 114.37 crore in June compared with 99.52 crore in June 2014.

11:35am: ABB India is trading 1.4% higher after the company received its board’s approval to raise 600 crore through non-convertible debentures (NCDs) on private placement basis. The issuance would be subject to the approval of the shareholders by way of a special resolution through postal ballot.

11:13am: The S&P BSE Sensex rises 152.47 points, or 0.55%, to 28,098.27.

11:05am: Shares of Mahanagar Telephone Nigam Ltd (MTNL) jumps as much as 16.3% to 19.30 after a news report said that the government may delist the company.

10:55am: DB Realty Ltd rises 2.5% to 67.45 after the company said that it has entered into a joint venture to speed up infrastructural projects in Mumbai.

10:48am: Gujarat State Fertilizers and Chemicals Ltd advances 1.5% to 71 after PTI reported that the company will invest 10,000 crore for setting up four new projects at Dahej.

10:40am: IL&GS Engineering and Construction Co. Ltd drops 2.2% to 86.25. The company said it will raise 500 crore through various avenues, including the qualified institutional placement route and rights issue.

10:32am: Rajesh Exports Ltd climbs 2.5% to 378.40 after the company said in a notice to BSE that its board approved acquisition/s in Europe in the range of $250 million to $500 million. The acquisition has been approved to strengthen the backward integration of the company and to strengthen its domestic and global presence in gold business.

10:20am: Tata Steel Ltd inches up 1% to 307.15 after Bloomberg reported that the company is in talks with lenders to reduce interest costs on $1.5 billion of loans taken last year.

10:14am: Bajaj Auto Ltd is up 1.4% to 2,603 after the company said the June quarter was the best ever, reports Business Standard.

10:08am: The Sensex rises 180 points to hit a high of 28,126.34—a level last seen on 20 April—while the Nifty touched a high of 8,495 points—a level last seen on 23 April.

9:52am: Lupin Ltd rises 2.5% to 1,916 after the company acquired Russia’s JSC Biocom, marking its entry into one of the world’s top drug markets. The company did not disclose financial details. Read more.

9:48am: Nestle India Ltd is up 2% to 6,340 after a news report said that Canada FDA has given a clean chit to Maggi Noodles.

9:45am: All the sectoral indices are trading higher. The BSE healthcare and consumer durables indices are top gainers, up 1% each, followed by BSE Power index which is up 0.8%.

9:40am: The Sensex is trading higher by 0.48%, or 135.49 points, at 28,081.29, while the 50-share CNX Nifty of the National Stock Exchange is up 0.48%, or 40.70 points, to 8,485.60.

9:30am: Indian stocks jump in early trade ahead of Greece’s bailout referendum and the earnings season for the quarter ended June.

9:25am: The yield on India’s 10-year benchmark bond is trading at 7.795% compared with its Thursday’s close of 7.813%.

9:20am: The Indian rupee strengthens for a fourth consecutive session, tracking gains in Asian currencies, as the US dollar weakened overnight because of slower growth in non-farm payrolls data. The currency opened at 63.43 and touched a high of 63.36—a level last seen on 6 May. Read more.

9:15am: The dollar slips to 123.06 yen from 123.09 in late trading on Thursday. The euro rises to $1.1093 from $1.1087.

9:10am: Benchmark US crude falls 24 cents to $56.69 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude falls 13 cents to $61.94 a barrel in London.

9:07am: Investors are awaiting the outcome of a weekend vote in Greece on whether or not to accept tough conditions in exchange for a bailout deal for the Mediterranean country’s troubled economy. Markets in Asia will get the first chance to react to the result of the vote on Sunday.

9:03am: The Shanghai Composite Index in mainland China tumbles 6.1% to 3,676.12 and is down nearly 18% for the week. Hong Kong’s Hang Send loses 0.4% to 26,189.62, while Japan’s Nikkei 225 is off 0.4% to 20,449.43. South Korea’s Kospi falls 0.5% to 2,096.57 and Australia’s S&P/ASX 200 retreats 1.6% to 5,511.10.

9:00am: China’s main stock benchmark plunges more than 5% on Friday as government stabilizing measures failed to reassure panicky investors while other Asian indices fall ahead of Greece’s weekend austerity referendum.

8:55am: US markets ended the week quietly as investors sought safety ahead of the Independence Day holiday weekend. The Dow Jones industrial average fell 0.2% to close at 17,730.11 and the S&P 500 slipped less than 0.1% to 2,076.78. The Nasdaq composite fell less than 0.1% to 5,009.21.

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Published: 03 Jul 2015, 09:54 AM IST
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