Market Live: Sensex, Nifty extend gains, RIL, ONGC top gainers

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Mumbai: The benchmark Sensex opened in the green by rising 164 points on Thursday, buoyed by value-buying in select blue-chips at a time of firm Asian cues. The 30-share BSE index opened higher by 163.80 points, or 0.49%, at 32,924.24. Also, the NSE Nifty rose by 50.85 points, or 0.50%, to 10,168.90. All sectoral indices, including capital goods, oil and gas, consumer durables and healthcare, advanced by up to 0.60%. The Sensex had lost 554.12 points in the previous three sessions on subdued exports, higher inflation and muted second quarter earnings of some companies. Value-buying in recent losers and a better trend at other Asian markets triggered fresh spell of buying on the domestic bourses. Besides, a continued slide in crude oil prices drew investors’ attention, fuelling buying in oil marketing company stocks. Here are the latest updates from the markets:

■ 10.14am: BSE Sensex rose 170.32 points, or 0.52%, to 32,930.76, while the Nifty 50 gained 41.50 points, or 0.41%, to 10,159.55.

■ 10.10am: Shares of 5Paisa Capital Ltd, the demerged entity of IIFL Holdings Ltd, made a weak debut on stock exchanges on Thursday. The company was listed at Rs650 on BSE and soon hit 5% lower circuit. On the NSE, it was trading at Rs380 per share, while, on the BSE, it was trading at Rs617.50 a share.

■ 10.08am: Shares of non banking financial companies were trading higher. Manappuram Finance Ltd rose 5%, JM Financial Services Ltd 3.5%, Muthoot Finance Ltd 2.7%, Mahindra & Mahindra Financial Services Ltd 1.5%, Ujjivan Finance 1.4%, Vakrangee Ltd 1.4%.

■ 10.05am: RBL Bank Ltd rose 1.2% to Rs510 after the bank said it acquired an additional 2.08% stake in Swadhaar Finserve, increasing its holding to 60.48%.

■ 9.26am: BSE Sensex opened higher by 132.36 points, or 0.40%, to 32,892.80, while the Nifty 50 rose 36.20 points, or 0.36%, to 10,154.25.

■ 9.23am: Anil Dhirubhai Ambani group companies falls further after Reliance Communications said it is not making any payment to lenders for time being. Reliance Communications fell 4%, Reliance Naval and Engineering 4.2%, Reliance Capital fell 1%, Reliance Power 1%, Reliance Infrastructure fell 0.5%.

■ 9.20am: Religare Enterprises Ltd hits 10% upper circuit for second sessions. The company on Tuesday said that its board has named S. Lakshminarayanan as its new executive chairman.

■ 9.17am: Videocon Industries Ltd hits 5% upper circuit for third sessions. The stock gained nearly 16% in the last three sessions and so far this year it fell 85%.

■ 9.15am: The rupee opened at 65.26 a dollar. At 9.15am, the home currency was trading at 65.31 against the dollar, down 0.16% from its Wednesday’s close of 65.21.

■ 9.13am: The 10-year bond yield was at 7.010% compared to its previous close of 7.017%. Bond yields and prices move in opposite directions.

■ 9.10am: Asian currencies were trading mixed. China renminbi was down 0.18%, Malaysian ringgit 0.10%, Japanese yen and China offshore were down 0.08% each. However, South Korean won was up 0.63%, Taiwan dollar 0.11% and Philippines peso 0.05%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.872, up 0.06% from its previous close of 93.813.