Market Live: Sensex, Nifty jump in opening trade, ITC shares rise 8%

Mumbai: The BSE Sensex opens higher on Monday against the previous session’s closing. The broader NSE’s Nifty,too, rose in the morning hours. The Indian rupee trades lower against the US dollar. The shares of ITC, HUL rise, whereas the shares of Tata Motors and Wipro fall. Here are the latest updates

■ 9.20am: BSE Sensex trades higher by 146 points, or 0.47%, to 31,068, while the Nifty 50 rises 45 points, or 0.47%, to 9,566.

■ 9.15am:The rupee opened at 64.67 a dollar. At 9.15am, the rupee was trading at 64.66 a dollar, down 0.12% from its Friday’s close of 64.58.

■ 9.12am: The 10-year bond yield was at 6.51%, compared to its previous close of 6.511%. Bond yields and prices move in opposite directions.

■ 9.10am: ITC Ltd jumped 8% to Rs345 as investors continued to buy the stock as uncertainty regarding the final taxes in transition to goods and services tax (GST) is over. According to the notification issued by the central excise department, basic excise duty and additional excise duty are repealed and only the national calamity is continuing under the GST regime for cigarettes.

■ 9.05am: IT stocks fell. Wipro Ltd fell 1.8%, TCS decline 0.6%.subsBox

■ 9.00am: Asian currencies were trading lower. South Korean won was down 0.18%, Malaysian ringgit 0.14%, Singapore dollar 0.13%, Thai baht 0.1%, Philippines peso 0.1% and China renminbi 0.07%. However, Indonesian rupiah was up 0.09%.