Live: Sensex falls over 150 points, Nifty below 7,600; Future Retail rises 5%


11:00am: The sensex is currently trading lower by 157.05 points, or 0.63%, to 24,743.58, while the Nifty falls 39 points, or 0.51%, to 7,575.35.

10:50am: GVK Power and Infrastructure Ltd falls 1.3% toRs.6.84. According to Business Standard the company failed to pay $560 million for Australia mines.

10:40am: Goa Carbon Ltd rises 1.6% to Rs.81.25 after the company reported its March sales at Rs.19.40 crore. The production value for the March was at Rs.9.8 crore.

10:30am: Diamond Power Infrastructure Ltd rises 18.22% toRs.27.90 after Kotak Mahindra Bank has announced that the Company’s subsidiary, Kotak Mahindra (International) Limited (KMIL), a foreign portfolio investor (FPI) has acquired 3.87 million equity shares at Rs.23.65 each, aggregating to Rs.9.16 crore being 6.8% of the paid-up capital of Diamond Power Infrastructure.

10:20am: Future Retail Ltd rises 5% to Rs.135 after Future Group on Thursday informed exchanges that the SSG Capital Management Group of investing upto Rs.580 crore to acquire 40% stake in Future Supply Chain Solutions Ltd, valuing the form at Rs.1,450 crore.

10:10am: GOL Offshore Ltd rises 5.3% to Rs.42.90 after its board approved conversion of debt in to equity up to 70% of the post issue capital of the company under the prevision of the strategic debt restructuring scheme.

10:00am: Cholamandalam Investment and Finance Co. Ltd falls 3.3% to Rs.701.25 after the company said in a notice to BSE that it has received a demand notice for Rs.212.64 crore (including tax and interest) from the income tax department.

9:50am: Sobha Ltd rises 4% to Rs.282 after the company said it registered new sales area of 3.38m sq ft valued at 20.12bn at an average price realisation of Rs.5,946 per sq ft. The new sales volume in FY16 was 3.2% higher as compared to FY15

9:40am: Indian equity-index futures retreats even as Asian stocks advanced after oil jumped and Federal Reserve meeting minutes showed policy makers won’t rush to raise interest rates.

The 30-share S&P BSE Sensex is currently trading lower by 181.53 points, or 0.73%, to 24,719.10, while the Nifty 50 of the National Stock Exchange (NSE) falls 51.15 points, or 0.67%, to 7,563.20.

9:35am: Maruti Suzuki India Ltd falls 2.2% to Rs.3,493.45. The stock fell 24% so far this year. Over 8% appreciation in Japanese yen in the last three months is bound to hit Maruti’s margins, given that about one-fifth of its cost (including royalty) is yen-denominated. As currency impact comes with a lag, analysts have watered down the operating margin for fiscal 2017 although just a tad bit, Mint reported.

9:30am: The Indian rupee on Thursday strengthens marginally against the US dollar at 66.58, up 0.13%, from its previous close of 66.66 tracking the gains in its Asian peers.

9:25am: India’s 10-year bond yield was trading at 7.467% as compared with its Wednesday’s close of 7.46%.

9:20am: The dollar slips to ¥109.23, its lowest since late 2014, while it also retreated against higher-yielding units.

9:15am: Energy companies gain ground as benchmark US crude rises $1.86, or 5.2%, to close at $37.75 a barrel in New York. Brent crude, a benchmark for international oils, adds $1.97, or 5.2%, to close at $39.84 a barrel in London.

9:10am: The MSCI Asia Pacific Index gains 0.6%, with health-care stocks jumping 1.3%. Japan’s Topix index advances 0.4% as commodity stocks drove the climb. In Australia, the S&P/ASX 200 Index adds 0.5%, while South Korea’s Kospi index swung between gains and losses. New Zealand’s S&P/NZX 50 Index climbs 0.3%, rising a second day.

9:00am: Asian stocks climb, while the dollar extended losses, after Federal Reserve meeting minutes reaffirmed that US policy makers aren’t in a rush to raise interest rates and as the recovery in crude oil prices solidified.

8:50am: The Dow Jones industrial average gained 53 points, or 0.3 percent, to 17,656 as of 3 p.m. Eastern time. The Standard & Poor’s 500 index rose 15 points, or 0.7 percent, to 2,059. The Nasdaq composite index picked up 54 points, or 1.1 percent, to 4,898.