9:55am: The Sensex is now trading 58.43 points lower, or down 0.25%, to 23,095.87 while the Nifty loses 11.15 points, or 0.16%, to 7,018.60.
9:50am: InterGlobe Aviation Ltd falls 1% to Rs.823. IndiGo, India’s largest airline by market share, on Monday said airplane manufacturer Airbus SAS has confirmed that beginning with March 2016, it will deliver 24 fuel efficient A320neo aircraft by March 2017, as compared to the original plan to deliver 26 A320neos.
9:40am: Cigarette companies are trading lower on worries over excise duty hike on cigarettes in the budget. ITC Ltd falls 1.7% to Rs.286 a piece, Godfrey Phillips India Ltd falls 1.7% to Rs.1,004, VST Industries Ltd falls 0.5% to Rs.1,505.
9:30am: Housing Finance companies trading higher. Dewan Housing Finance Corp Ltd rises 5% to Rs.159.75, Indiabulls Real Estate Ltd rises 4.8% to Rs.48.60, LIC Housing Finance Ltd rises 1.4% to Rs.414.50, Can Fin Homes Ltd rises 1% to Rs.974.90
9:22am: The 30-share S&P BSE Sensex is currently trading 14.01 points lower, or down 0.06%, to 23,140.29 while the Nifty 50 of the National Stock Exchange (NSE) loses 2.70 points, or 0.04%, to 7,027.05.
9:15am: The Indian rupee weakens against the US dollar on Monday, ahead of the announcement of the union budget for fiscal 2016-17. The home currency is trading at 68.73, down 0.15%, from its previous close of 68.63.
9:10am: India’s 10-year bond yield is trading at 7.773% from its Friday’s close of 7.779%.
9:05am: The dollar index is trading at 98.052, down 0.09%, from its previous close of 98.148. Most Asian currencies are trading lower. Malaysian ringgit is down 0.43%, South Korean won 0.25%, Singapore dollar 0.16%, China Renmibi 0.12% and Indonesian rupiah 0.09%. However, Japanese yen was up 0.57%.
9:00am: The MSCI Asia Pacific Index adds 0.6% while the Kospi index in Seoul gained 0.1%. Australia’s S&P/ASX 200 Index rises for only the third time in six days, adding 0.9% as energy and mining stocks rallied, while New Zealand’s S&P/NZX 50 Index, the first major stock gauge in the Asia-Pacific region to start trading each day, climbs 0.4%. Japan’s Nikkei gains 1% largely on the overnight fall in the yen.
8:55am: Asian stocks climbed amid the Group of 20’s commitment to do more to boost global growth, damping the appeal of government debt.
8:50am: US stocks slipped while still posting a second-straight weekly gain.The S&P 500 fell 0.2% to 1,948.05, after rising as much as 0.6%. The Dow Jones Industrial Average lost 57.32 points, or 0.3%, to 16,639.97, and the Nasdaq Composite Index increased 0.2%.