MUMBAI: 4pm: Stock markets recouped some of the initial losses to end flat on Monday following weaker U.S. markets last week after the Federal Reserve’s decision to keep interest rates steady at record lows sparked worries about global growth.

The BSE Sensex ended 0.1 percent lower, while the broader Nifty slipped 0.06 percent.

2:21pm: The S&P BSE Sensex is down 50.95 points, or 0.19 percent, to 26,167.96.

2:10pm: The Indian rupee erased its morning losses to trade marginally higher against the U.S. dollar. The currency is currently trading at 65.64 per dollar, up 0.05 percent from its previous close of 65.67.

2:00pm: Power sector stocks surge in afternoon trade, With Torrent Power trading up 7.6 percent, Reliance Power up 6.5 percent and Adani Power up 4.2 percent.

1:43pm: IDBI Bank extends rally to trade higher by as much as 15.5 percent after finance minister Arun Jaitley tells news channel CNBC TV18 the government is considering whether to give more operational freedom to state-run banks. Jaitley cited IDBI as possible test case in the interview.

1:21pm: Motherson Sumi Systems Ltd declines 7.5 percent after the auto component maker’s biggest client Volkswagen AG admitted to fudging emission norms for diesel cars in the U.S.

1:08pm: The S&P BSE Sensex is trading lower by 57.44 points, or 0.22 percent, at 26,161.47, while the Nifty is down 14.40 points, or 0.18 percent, at 7,967.50.

1:00pm: The rupee trims losses to trade at the day’s high of 65.69 per U.S. dollar, just marginally lower than its previous close of 65.67.

12:47pm: China stocks close higher, supported by demand for more speculative small-cap shares, but trading remained thin as investors waited for more clues on the health of the economy. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rises 1.8 percent, to 3,308.25, while the Shanghai Composite Index gains 1.9 percent, to 3,156.54 points.

12:34pm: Jaiprakash Associates Ltd climbs 8.9 percent to 10.73 after the company, along with Sadbhav Engineering Ltd, Ashoka Buildcon, Gayatri Projects Ltd and Oriental Structural Engineers, bagged contract for the Eastern Peripheral Expressway—the Centre’s most ambitious project to decongest Delhi.

12:16pm: The S&P BSE Sensex is now trading just 76.19 points, or 0.29 percent, lower at 26,142.72.

12:00pm: Shares of IDBI Bank Ltd rally 10.4 percent after finance minister Arun Jaitley suggested over the weekend that the government may allow the lender to follow a model similar to that of Axis Bank Ltd.

11:49am: Reliance Industries Ltd (RIL) halts a four-day rally to trade 1.4 percent lower at 882.75.

11:34am: Banking stocks erase all their initial losses, with the Bankex up 0.5 percent to 20,050.48 points. In the opening trade, the Bankex had fallen as much as 1.3 percent, or 260.13 points, to 19,692.81. Federal Bank is up 2.1 percent, Axis Bank 1.2 percent, Kotak Mahindra Bank 1 percent, Punjab National Bank 1.2 percent, Bank of Baroda 0.5 percent and State Bank of India 0.3 percent.

11:17am: Vivimed Labs Ltd surges 8 percent to 312. The company said in a notice to BSE that it has had a favourable outcome after its U.S. food and drug administration inspection. On completion of the inspection, the U.S. FDA concluded that the facility, systems and practices comply with U.S. FDA requirement with no observations reported in form 483.

11:09am: Alphageo India Ltd advances 10 percent to 469.80 after the company said in a notice to BSE that it got an order worth 242 crore from ONGC.

10:58am: The BSE Sensex trims morning losses to trade at 26,116.20, down 102.71 points, or 0.39 percent.

10:50am: Dish TV India Ltd adds 4.2 percent to 113.85, Siti Cables Network Ltd rises 1.6 percent to 34.10, Hathway Cable and Datacom Ltd is up 2 percent to 42 and Den Networks Ltd 2.2 percent to 129.90 as the government considers a proposal to raise foreign direct investment (FDI) limits to 100% in broadcasting carriage and content services, including direct-to-home (DTH) and cable networks, reports PTI.

10:41am: Shares of Prabhat Dairy Ltd (PDL) are trading 4.3 percent higher at 119.90 on BSE on its listing day compared with the issue price of 115 a piece. The stock had opened the session at 113.

10:34am: Tilaknagar Industries Ltd climbs 5.8 percent to 24.65 after a news report said that the company will issue shares to Kishore Chhabria on a preferential basis. The preferential allotment, combined with the mandatory open offer, will give a 45-50 percent stake to Chhabria, while the shareholding of the Dahanukars will come down to around 30 percent, according to a Business Standard report.

10:26am: Larsen and Toubro Ltd rises 0.7 percent to 1,550.45, while L&T Finance Holdings Ltd is down 3 percent to 66.55 after the latter said it will receive around 708 crore from private equity firm Bain Capital through preferential shares and warrants allotment.

10:19am: Steel Strips Wheels Ltd gains 2.6 percent to 335 after the company said in a notice to BSE that Kalink Co. Ltd has agreed to invest an amount equivalent to $2 million by subscribing equity shares in the company.

10:12am: IDFC Ltd rises 1.5 percent to 135.70 after it said that it has got regulatory approval to utilize 2,500 crore non-distributable reserves for provisions against bad loans as part of an exercise to clean its book before venturing into universal banking.

10:06am: The S&P BSE Sensex is now down 159.37 points, or 0.61 percent, to 26,059.54.

10:02am: Hotel Leelaventure Ltd jumps 5 percent to 23 after Mint reported that the company may sell at least 24 percent stake to a financial investor to reduce debt. On Saturday, the company announced the sale of its hotel property The Leela in Goa to Malaysia-based conglomerate MetTube Sdn Bhd for 725 crore.

9:55am: Torrent Power Ltd rises 2.8 percent to 168.80 after the company said its gas-based power plants will get government subsidy on use of re-gasified liquefied natural gas for six months from October to March.

9:50am: Shree Renuka Sugars Ltd rises 1.9 percent to 7.60. Three promoters have together pledged 14.45 percent of their shares in the company as a security for loan taken by a subsidiary firm.

9:44am: Ashok Leyland Ltd falls 0.7 percent to 87.50 after Mint reported that the company’s commercial vehicles financing subsidiary, Hinduja Leyland Finance Ltd (HLF), is planning to raise 600-650 crore through an initial public offering (IPO).

9:38am: Strides Arcolab Ltd rises 2 percent to 1,168, while Sun Pharmaceutical Industries Ltd is down 0.2 percent to 902.95. Sun Pharma has signed an agreement with Strides Arcolab to sell the central nervous system portfolio of erstwhile Ranbaxy Laboratories for 165 crore. The agreement involves the transfer of two marketing divisions.

9:33am: Indian stocks drop as concerns about slowing global economic growth dragged down Asian indexes.

The S&P BSE Sensex is trading lower by 211.07 points, or 0.81 percent, at 26,007.84, while the 50-share Nifty of the National Stock Exchange (NSE) is down 53.50 points, or 0.67 percent, to 7,928.40.

The BSE Metal and Bankex indices are top sectoral losers, down over 1 percent, while IT and Teck indices are the only gainers.

9:25am: The Indian rupee opens weaker at 66.87 per U.S. dollar compared with its previous close of 66.67, tracking losses in local equity markets and Asian currencies.

9:20am: The yield on India’s 10-year benchmark bond is trading at 7.705 percent compared with its Friday close of 7.769 percent.

9:15am: The U.S. dollar, which retreated after the Fed decision, rises 0.3 percent to 95.135 against a basket of six currencies, but slips 0.2 percent to 119.79 yen.

9:10am: WTI crude adds 0.8 percent, after sinking 4.7 percent on Friday amid ongoing concern over the global glut. Brent crude rises 0.7 percent to $47.81 following a 3.3 percent drop at the end of last week.

9:05am: MSCI’s broadest index of Asia-Pacific shares outside Japan falls 2 percent, with Australia down 2.4 percent and South Korea off 1.7 percent. Japan was closed for a long holiday. Both the Shanghai Composite index and the CSI300 are little changed.

9:00am: Asian shares tumble after the U.S. Federal Reserve’s decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China.

8:55am: U.S. shares drop more than 1.3 percent on Friday, after Fed Chair Janet Yellen said on Thursday that the global economic outlook appeared less certain.