Live: Sensex, Nifty rise amid foreign fund inflows; United Breweries gains 4%

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12:15pm: The Sensex is currently trading higher by 92.66 points, or 0.38%, to 24,770.03, while the Nifty rises 25.95 points, or 0.35%, to 7,538.50.

12:05pm: Indian stocks advanced, with the benchmark gauge poised for a third weekly gain, as risk appetite returned to developing markets after global central banks indicated a willingness to continue measures to support growth and stabilize markets.

12:00pm: Dhanuka Agritech rallies as much as 6.3% to Rs.594 on the BSE after the company announced that it has received a licence to manufacture insecticides.“The company has received ‘Licence to manufacture Insecticides’ form joint director of agriculture (Plant and Protection), Rajasthan for the manufacturing unit of the company situated at Keshwana, Kotputli (Jaipur), Rajasthan,” Dhanuka Agritech said in a statement.

11:50am: Alok Industries Ltd gains as much as 9.9% to Rs.5.78 per share. 25.78 lakh shares were traded and clocked a turnover of Rs.1.45 crore. The stock gained for the third consecutive session, its highest in last two months.

11:40am: Shares of United Breweries Ltd gains as much as 4% to Rs.836.95 per share as Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries.

11:30am: Shares of Rajesh Exports gains as much as 10.5% to Rs.637.20 per share as 2.22 lakh shares were traded at the counter with a turnover of Rs.13.65 crore. Jewellers are on strike since 2 March demanding withdrawal of the proposed excise duty. The strike entered the 17th day today, with gold and jewellery establishments remaining closed across the country.

11:20am: Shares of Oil India Ltd gains as much as 1.6% to Rs.311.20 per share after Life Insurance Corporation of India (LIC) raised its stake in state-owned explorer Oil India Ltd by 2% through open market acquisition.

11:10am: All banking stocks, under the banking Index Bankex, are trading in green in the range of 0.07% to 1.02% as Rerserve Bank of India (RBI) releases framework for revival & rehabilitation of MSMEs.

11:00am: Shares of Sugar companies Balrampur Chini Mills gains 4.8%, Eid Parry gains 3.9% and Shree Renuka Sugars gains 4.1% as sugar prices jumped to their highest levels in more than a year on Thursday amid growing concerns over supplies in the world’s top producers. Raw-sugar futures contracts for May delivery rose 3.4% to 15.99 cents at the ICE Futures U.S. exchange, the highest price for the benchmark contract since 25 November 2014.

10:50am: The Sensex is now trading higher by 110.50 points, or 0.45%, to 24,787.87, while the Nifty rises 40.20 points, or 0.54%, to 7,552.75.

10:40am: DLF Ltd rises 2.2% to Rs.107.35 after the company has decided to sell its shopping mall in Saket in the national capital to its unit for Rs.904.50 crore as part of its plan to streamline and monetize its existing assets.

10:30am: Crompton Greaves Ltd rises 2% to Rs.47.70 after the company said it won a significant order of USD 35 mn (Rs.236 crore approx.) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV.

10:20am: LT Foods Ltd rises 8.2% to Rs.241.60 while Hindustan Unilever Ltd falls 0.7% to Rs.843.05 after Hindustan Unilever said that it has agreed to sell its rice export business to Delhi-based LT Foods Ltd that sells rice under Daawat brand for an undisclosed sum.

10:10am: Eros International Media Ltd rises 11% to Rs.175.05. Overnight its US arm Eros International PLC jumped 21%.

10:00am: JSW Energy Ltd rises 2.1% to Rs.69.95 while Jindal Steel and Power Ltd rises 1.7% to Rs.59.90. According to Economic Times report, JSW Energy is set to acquire a 1,000 MW Jindal Power plant for about Rs.6,000 crore.

9:50am: The 30-share S&P BSE Sensex is trading up by 52.14 points, or 0.21%, to 24,729.51, while the Nifty 50 of the National Stock Exchange (NSE) rises 20.55 points, or 0.27%, to 7,533.10.

9:45am: Telecom companies are trading higher after Supreme Court asked TRAI to consider partial rollback of call drop penalty. Bharti Airtel Ltd rises 1.3% to Rs.346, Idea Cellular Ltd rises 2.5% to Rs.102.90, Reliance Communications Ltd rises 2.4% toRs.52.

9:35am: The Indian rupee on Friday strengthens for the third session against the US dollar at 66.57, up 0.26%, from its previous close of 66.75.

9:30am: India’s bond yield fell for the seventh consecutive session. India’s 10-year bond yield is at 7.515%, as compared with its Thursday’s close of 7.522%.

9:25am: The dollar extended losses that began with the Federal Reserve’s decision to slow the pace of its rate increases while the yen gathered strength as investors sought safe haven assets. The dollar fell to 111.28 yen from 111.30 yen. The euro was flat at $1.1318.

9:20am: Brent crude held close to its three-month high of $41.60 reached in the previous session and again on Friday. It’s headed for a 2.9% gain for the week.

9:10am: Japan’s Nikkei 225 fell 1.7 percent to 16,643.02 while South Korea’s Kospi added 0.1 percent to 1,990.97. Hong Kong’s Hang Seng index rose 0.7 percent to 20,639.83. Shanghai Composite index in mainland China rose 1.9 percent to 2,959.45 while Australia’s S&P/ASX 200 gained 0.3 percent to 5,181.10. Stocks in Taiwan, Singapore and Indonesia were higher.

9:00am: Asian stocks mostly advanced on Friday as higher prices for commodities, including crude oil, pushed Wall Street stocks higher overnight. But shares in Tokyo fell as the yen’s strength worried investors.

8:50am: Wall Street finished higher on Thursday as commodity price gains boosted energy companies. The Dow Jones rose 0.9% to 17,481.49. The Standard and Poor’s 500 index gained 0.7% to 2,040.59. The Nasdaq composite rose 0.2% to 4,774.99.