Live: Sensex up over 70 points, banking stocks rise

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BSE Sensex opens lower on Tuesday, although the rupee—just as other Asian currencies—edged higher against the US dollar in the early trade. The shares of information technology, banking and technology companies decline in the early trade, and lead the decline of 30-share gauge.

11.45am: The 30-share S&P BSE Sensex is currently trading higher by 74 points, or 0.28%, to 26,669, while the Nifty 50 of the NSE rises 27 points, or 0.33%, to 8,206.

10.17am: The 30-share S&P BSE Sensex is currently trading higher by 3 points, or 0.01%, to 26,599, while the Nifty 50 of the National Stock Exchange (NSE) rises 6 points, or 0.07%, to 8,186.

10.00am: Banking stocks erased losses and were trading higher. Allahabad Bank stocks rose 1.7%, Yes Bank rose 1.6%, Andhra Bank 1.6%, Karnataka Bank 1.5%, Bank of India 1.4%, Punjab National Bank 1.3%, Dena Bank 1.2%, South Indian Bank 1%, Union Bank of India 1%.

9.45am: Oil marketing companies were trading higher. Indian OIl Corp rose 3.1%, Hindustan Petroleum Corp rose 2.9%, Bharat Petroleum Corp Ltd rose 1.1%

9.33am: The 30-share S&P BSE Sensex is currently trading lower by 81 points, or 0.30%, to 26,515, while the Nifty 50 of the National Stock Exchange (NSE) falls 24 points, or 0.30%, to 8,155.

9.30am: Hero MotoCorp Ltd shares fall 1.1% to Rs2997 after the company reported 34% decline in its December sales to 3.30 lakh units against 4.99 lakh units a year ago.

9.25am: LIC Housing Finance Ltd shares fall 1.7% to Rs521.40. Broking firm Morgan Stanley has cut its rating to Equal Weight.

9.21am: The 30-share S&P BSE Sensex is currently trading lower by 73 points, or 0.27%, to 26,522, while the Nifty 50 of the National Stock Exchange (NSE) falls 13 points, or 0.16%, to 8,166.

9.15am: The home currency opened at 68.08 against the dollar. At 9.15am, the rupee was trading at 68.09 per dollar, up 0.2% from its previous close of 68.23. Since 1 April to date, rupee has fallen 2.4%.

9.10am: Titan Co Ltd shares rise 4% to Rs 346.25. The company said its jewellery sales have reached “pre demonetisation” level in December but sales of watches through multi-brand outlets are yet to recover. The retail growth for Tanishq in Q3 FY 17 is around 15%.

9.05am: Bond yield fell for the fifth consecutive sessions and hit nearly one month low. On Monday, the government unexpectedly lowered its borrowing target for the financial year. It will sell bonds worth Rs 66,000 crore through six equal weekly auctions in the period through 31 March, the Reserve Bank of India said in a statement.

9.00am: South Korean won was up 0.3%, Singapore dollar 0.27%, Taiwan dollar 0.24%, Japanese yen 0.14%, China Offshore 0.13%, Indonesian rupiah 0.07%, Thai Baht 0.04%. However, Philippines peso was down 0.22%, Malaysian ringgit 0.15%, China renminbi 0.14%.