Share market updates: Sensex slips 50 points, Nifty Open Lower;Tata Motors up 1%,IndusInd Bank shares down
Mumbai: The BSE Sensex and NSE’s Nifty 50 are set to open higher on Thursday as investors await December-quarter earnings, with TCS reporting its results later today. Asian stocks traded lower, with sharp losses in Japan, halting the post-Christmas rally in global stocks, in absence of any concrete details on US-China trade talks. US futures declined along with shares in South Korea and Hong Kong. Oil prices fell by 1% on rising US supply. SGX Nifty futures traded 27 points up at 10,902.50, indicating a positive start for the Sensex and the Nifty 50.
Rupee opens marginally higher against US dollar
The Indian rupee strengthened marginally against the US dollar, tracking gains in Asian peers after minutes from the US Federal Reserve confirmed patience on rate hikes. At 9.10am, the currency was trading at 70.36 a dollar, up 0.15% from the previous close of 70.47.
Tata Motors and NTPC are top gainers, while IndusInd Bank, Axis Bank, Bharti Infratel and HPCL lost the most.
Ashok Leyland surges Shares of Ashok Leyland gained 2.7 per cent in the early trade on Thursday as company bagged an order to provide buses from state transports.
The company bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses.
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