Markets Live: Sensex, Nifty open higher, Tata Motors share rise 2%

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Mumbai: The BSE Sensex and NSE Nifty open higher on Tuesday. The Indian rupee, tracking Asian currencies, falls against the US dollar. The shares of Tata Motors and Fortis Healthcare rise, whereas the shares of Lupin and Bajaj Auto fall in the opening trade. Here are the latest updates

9.30am: BSE Sensex trades higher by 46 points, or 0.15%, to 31,357, while the Nifty 50 rises 8 points, or 0.09%, to 9,666.

9.25am: Tata Motors Ltd rose 2% to Rs460.85 while Tata Motors DVR rose 1.1% to Rs286.25. Tata Motors Ltd said on Monday it had no plans to list its luxury British car brand Jaguar Land Rover after Bloomberg reported that the automaker was considering an initial public offering (IPO) of the unit. “There are no plans to list Jaguar Land Rover,” a Tata spokesman told Reuters. “There is no truth in those rumours.”

9.20am: Satin Creditcare Network Ltd shares rose 3.1% to Rs292 after Reserve Bank of India (RBI) approved foreign investors to invest 24-49% in the company.

9.18am: Spicejet Ltd shares rise 2.2% to Rs127.30 after Boeing and SpiceJet sign memorandum of understanding for 40 737 MAX airplanes in pact valued at $4.7b at current list prices.

9.15am: The rupee opened at 64.51 a dollar. At 9.15am, the rupee was trading at 64.53 a dollar, down 0.13% from its Monday’s close of 64.43.

9.10am: Fortis Healthcare Ltd shares rise 2% to Rs193.90 after Mint reported that IHH Healthcare Bhd is set to buy a controlling stake in Fortis Healthcare Ltd and SRL Diagnostics from billionaire brothers Malvinder and Shivinder Mohan Singh in a deal that values the two companies at close to $2.9 billion,

9.05am: Asian currencies were trading lower following hawkish comments from US Federal Reserve Bank of New York president William Dudley. South Korean won was down 0.38%, Philippines peso 0.29%, Malaysian ringgit 0.16%, Japanese yen 0.14%, China renminbi 0.14% and Taiwan dollar fell 0.04%.

9.00am: US stocks closed higher on Monday as technology stocks tried to recover from a wobbly performance last week. Asian indices trekked higher in early Tuesday trade as the dollar strengthened following comments from US Federal Reserve officials over future interest rate hikes stateside.

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