Live: Sensex falls over 150 points despite positive Asian stocks

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9:40am: The 30-share S&P BSE Sensex slips 161.96 points, or 0.70%, to 23,030.01, while the Nifty 50 of the National Stock Exchange (NSE) is down 43.10 points, or 0.61%, to 7,005.15.

9:35am: Among the sectoral Indices, BSE Bankex was the biggest loser losing 0.75% followed by BSE Capital Goods Index losing 0.70%.

9:30am: The Indian rupee weakens to 68.60 against the US dollar compared with its previous close of 68.38, for the first time since 4 September 2013.

9:25am: The yield on India’s 10-year benchmark bond trading at 7.778 against Tuesday’s close of 7.783%.

9:20am: The dollar fell to ¥113.89 from ¥114.23 the previous day. The euro rose to $1.1149 from $1.1127.

9:15am: Japan’s Nikkei 225 slips 0.2% to 16,020.34 as investors shrugged off data showing strong machinery orders in January. Hong Kong’s Hang Seng gains 0.7% to 19,249.59 and the Shanghai Composite rises 0.4% to 2,847.23. Australia’s S&P/ASX 200 edges up 0.2% to 4,919.90 and South Korea’s Kospi adds 0.4% to 1,895.15.

9:10am: Asian stock markets were mostly trading higher on Wednesday as investors weighed the potential outcome of a preliminary agreement between Russia and Saudi Arabia to hold off on further increases in crude oil production, possibly alleviating a growing glut in supply.

9:00am: US crude gains 27 cents to $29.31 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, climbs 58 cents to $32.76 a barrel.

8:50am: Shares were broadly higher on Tuesday, lifted by gains in retailers and manufacturers following upbeat news from China on bank lending. The Dow Jones industrial average added 222.57 points, or 1.4%, to 16,196.41. The S&P’s 500 index rose 30.80 points, or 1.7%, to 1,895.58. The Nasdaq composite climbed 98.44 points, or 2.3%, to 4,435.96.