Live: Sensex down 100 points, Nifty below 7,800; ABG Shipyard falls 17%

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10:55am: The Sensex is now trading lower by 109.65 points, or 0.43%, to 25,152.56, while the Nifty falls 32 points, or 0.41%, to 7,703.50.

10:45am: Multi Commodity Exchange Of India Ltd falls 4.5% to Rs.875.65 after the company said it reported a 45% drop in March quarter profit to Rs.27.10 crore, mainly due to a one-time loss related to its investment in Metropolitan Stock Exchange of India (MSEI). Total income from operations increased to Rs.55.59 crore for the March quarter, compared with Rs.53.69 crore in the year-ago period.

10:35am: ABG Shipyard Ltd falls 17% to Rs.31.85. The stock is trading from last fourth consecutive sessions. Since 2 May, it falls over 30%. So far this year it falls 56%.

10:25am: Hero MotoCorp Ltd falls 1% to Rs.2,870.70. The company on Thursday said fiscal fourth-quarter profit rose 71% to Rs.814.16 crore on higher motorcycle sales. The company’s total income increased 10.6% to Rs.7,512.17 crore in the three months ended 31 March from a year earlier.

10:15am: Emami Ltd rises 1.6% to Rs.994. The company on Thursday reported a 51.7% drop in profit for the quarter ended 31 March to Rs.63.80 crore as it amortized some of the intangible assets of the Kesh King brand.

10:05am: Talwalkar Better Value Fitness Ltd rises 5.6% toRs.205.60 after the company said its net profit for the March quarter rose 21.42% to Rs.20.54 crore as compared to Rs.16.92 crore a year ago.

9:55am: Hindustan Composites Ltd rises 20% to Rs.1,099 after the company said its net profit for the March quarter rose 134.58% to Rs.18.86 crore as compared to Rs.8.04 crore a year ago.

9:45am: The 30-share S&P BSE Sensex is currently trading lower by 157.24 points, or 0.62%, to 25,104.97, while the Nifty 50 of the National Stock Exchange (NSE) falls 42 points, or 0.54%, to 7,693.50.

9:40am: ITC Ltd falls 2.7% to Rs.308.95 after the company said in a regulatory filing on Thursday that it has shut its cigarette factories, again, to comply with new norms on pictorial health warnings on packs. The announcement comes in the wake of the Supreme Court refusing to stay a government order mandating introduction of bigger pictorial warnings covering at least 85% of the surface area of packs, up from 40%.

9:35am: The Indian rupee on Friday is trading marginally lower against the US dollar at 66.58, down 0.04% from its previous close of 66.56, ahead of key US job data due later in the day.

9:30am: India’s 10-year bond yield is trading at 7.433%, as compared with its Thursday’s close of 7.435%.

9:20am: The euro falls to $1.1405 from $1.1490 and the dollar rises to ¥107.13 from ¥107.10.

9:15am: Benchmark US crude oil loses 8 cents to $44.24 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, is down 3 cents at $44.98 a barrel in London.

9:10am: Japan’s benchmark Nikkei 225 edges down 0.8% to 16,014.19 as Tokyo resumed trading after the three-day “Golden Week” national holidays. Australia’s S&P/ASX 200 edges 0.1% higher to 5,349.50, while Hong Kong’s Hang Seng index slips 1% to 20,247.21. The Shanghai Composite inches down 0.1% to 2,995.01. Markets are closed in South Korea for a national holiday.

9:00am: Asian markets are mostly lower in nervous trading Friday ahead of a closely watched US jobs-report that may influence interest rate decisions and the value of the US dollar.

8:50am: The Dow Jones industrial average rose 9.45 points, or less than 0.1%, to 17,660.71. The Standard and Poor’s 500 index fell 0.49 of a point, less than 0.1%, to 2,050.63 and the Nasdaq composite lost 8.55 points, or 0.2%, to 4,717.09.