MUMBAI: 10.36 am: Sensex was up 125 points at 25,821.
10.16 am: DLF was trading 3.63 percent higher Rs 109.85. The share price of the company jumped after the announcement made by the company that DLF Home Developers, a wholly-owned subsidiary of DLF, and GIC, Singapore’s sovereign wealth fund, have entered into a joint venture to invest in two upcoming projects located in Central Delhi. Sensex was up 81 points at 25,777.
9.30 am: Hero MotoCorp reported 13.97 percent drop in its total two-wheeler sales at 4.80 lakh units in August 2015 over August 2014. The announcement was made after market hours on Tuesday. The share price of Hero MotoCorp was 3.28 percent lower at Rs 2306.95 in the early trade. Sensex was up 40 points at 25,736.
Domestic equity markets opened in green on Wednesday after in a big relief to FIIs, the government on Tuesday accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.
The BSE Sensex and NSE Nifty opened 195.91 points and 70.80 points higher at 25,891.95 and 7856.65, respectively.
All the sectoral indices on the Bombay Stock Exchange opened in green. The BSE Realty index and the BSE Metal index were up 1.95 percent and 0.28 percent at 1,244.56 and 7,225.17, respectively.
Global Markets
Asian stocks extended a global market sell-off on Wednesday as poor manufacturing data from the world’s two biggest economies dampened investor sentiment.
The Shanghai Composite Index in China led declines in Asia, falling as much as 4.4 percent at the open before reeling back losses to trade 2 percent lower at 3,105.13. Hong Kong’s Hang Seng dropped 1.1 percent to 20,956.36 and South Korea’s Kospi slipped 0.6 percent to 1,903.51. Japan’s benchmark Nikkei 225 index was the sole major Asian benchmark to rise, climbing 0.6 percent to 18,265.38. Australia’s S&P/ASX 200 fell 1.2 percent to 5,036.10.
Major U.S. benchmarks finished sharply lower on Tuesday after the pessimistic factory data. The Dow Jones industrial average lost 2.8 percent to 16,058.35 and the S&P 500 fell 3 percent to 1,913.85. The Nasdaq composite fell 2.9 percent to 4,636.10.
