Share market HIGHLIGHTS: Sensex ends 187 pts higher; Nifty above 10,200; Bharti Airtel up 10%

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Updated:Oct 24, 2018 4:47:59 pm

Share market HIGHLIGHTS: Sensex and Nifty snapped a four-day losing streak to close Wednesday's trade higher riding on a strong rupee, lower crude oil prices and healthy buying in most realty, NBFCs, metals and FMCG stocks.

Sensex today, Sensex live, Sensex updates, stock market updates, stock market today, stock market live, nifty live, nifty updates, nifty todayShare market HIGHLIGHTS: Check for Sensex, Nifty live updates here.

Share market today: Sensex and Nifty — the benchmark indices of the domestic equity markets — snapped a four-day losing streak to close Wednesday’s trade higher riding on a strong rupee, lower crude oil prices and healthy buying in most realty, NBFCs, metals, and FMCG stocks. Bharti Airtel shares ended nearly 10% higher. On the other hand, Bajaj Auto shares fell nearly 5% post Q2 results.

The benchmark indices opened Wednesday’s trade on a higher note tracking a strong rupee amid falling crude prices. The rupee opened strong in the early trade Wednesday, gaining 40 paise to 73.17 per US dollar versus its previous close at 73.57 against the greenback. The BSE Sensex had surged over 450 points to scale an intra-day high of 34,300.97 points in opening trade on Wednesday. The NSE Nifty opened firmly above the 10,250-level at 10,278.15 points.

The BSE Sensex closed Wednesday’s trade 186.73 points or 0.55% higher at 34,033.96 points. HDFC, Bharti Airtel, LT, IndusInd Bank, and Asian Paints together contributed over 200 points to the index. The BSE market breadth was marginally bullish, with 1,363 advances and  1,204 declines. On the National Stock Exchange, the Nifty closed 77.95 points or 0.77% higher at 10,224.75 points.

In the global markets, world stocks marked a sixth-straight day loss as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows. European shares opened higher, taking a cue from Asia where MSCI’s Asian ex-Japan index closed flat following a bounce in China where local media reported authorities were mulling allowing insurance firms to invest in equities, said a Reuters report. Meanwhile, crude oil prices fell towards $75 a barrel to its lowest since late August.

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16:47 (IST)24 Oct 2018
Hexaware Q3 net profit up 21% to Rs 172.1 cr

Mid-sized IT services firm Hexaware Technologies said Wednesday its consolidated net profit has grown 21% to Rs 172.1 crore for the quarter ended September 30, 2018. This is against a net profit of Rs 142.2 crore in the same period a year ago, Hexaware said in a statement. Its revenue rose 21.8% to Rs 1,209.6 crore in the quarter under review from Rs 993 crore in the same period a year ago, as per Indian Accounting Standards. Hexaware follows the January-December fiscal.

16:45 (IST)24 Oct 2018
Wipro Q2 net profit drops 14% to Rs 1,889 cr

IT services major Wipro Wednesday posted a 13.8% decline in consolidated net profit at Rs 1,889 crore for the July-September quarter of 2018-19 compared to the year-ago period. The net profit, attributable to shareholders, in the year-ago period was at Rs 2,191.8 crore, according to a regulatory filing by Wipro. Its revenue from operations, however, grew 8.3% to Rs 14,541 crore during the period under review from Rs 13,423.4 crore in the same quarter last year. Wipro, which gets bulk of its topline from IT services, said its board has approved the appointment of Arundhati Bhattacharya as an Additional Director.

16:41 (IST)24 Oct 2018
Market View

It was a highly volatile day on the bourses as key benchmark indices oscillated around the flat line for most the trading day. Domestic bourses opened on a firm note on bargain hunting after a prior four-day slide. However, markets were unable to hold on to gains and slipped into negative territory soon after. Eventually, both the benchmark Sensex and the Nifty finally closed the day with gains of over 0.50%. Overseas, European stocks traded higher as investors monitored a fresh batch of economic data and a flurry of corporate earnings results. Most Asian stocks declined on concerns over the corporate earnings outlook in an environment of tightening financial conditions. On the sectoral front, barring the healthcare index which closed lower, all other sectoral indices on the National Stock Exchange closed the day in positive territory.

-- Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

15:45 (IST)24 Oct 2018
NSE live! Check top Nifty gainers and losers today

The NSE Nifty closed Wednesday's trade higher by 77.95 points or 0.77% at 10,224.75 points. Here are the top five gainers and losers on the NSE Nifty index:

15:42 (IST)24 Oct 2018
CLOSING BELL: Sensex ends nearly 187 points higher, Nifty ends at 10,224.75

Sensex and Nifty — the benchmark indices of the domestic equity markets — snapped a four-day losing streak to close Wednesday’s trade higher riding on a strong rupee, lower crude oil prices and healthy buying in most realty, NBFCs, metals and FMCG stocks. Check top Sensex gainers and losers here:

15:11 (IST)24 Oct 2018
World stocks flat after five days of falls

World stocks marked a sixth straight day of losses on Wednesday as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows, said a Reuters report. European shares opened higher, taking a cue from Asia where MSCI's Asian ex-Japan index closed flat following a bounce in China where local media reported authorities were mulling allowing insurance firms to invest in equities. A pan-European equity index rose 0.6 percent, after approaching two-year lows on Tuesday, shrugging off poor bank earnings, while MSCI's all-country index hovered just off flat after touching one-year lows. Chinese shares closed 0.3 percent higher.

15:02 (IST)24 Oct 2018
Brent crude at 2-month low!

Oil fell towards $75 a barrel to its lowest since late August on Wednesday, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on oil exporter Iran, said a Reuters report. In a sign supply is plentiful, industry group the American Petroleum Institute said on Tuesday U.S. crude stocks had risen by 9.9 million barrels - more than forecast. The U.S. government's supply report is due at 1430 GMT. Brent crude, the global benchmark, was down $1.28 to $75.16 a barrel at 0855 GMT. It fell earlier to $75.11, the lowest since Aug. 24. U.S. crude dropped 30 cents to $66.13.

14:52 (IST)24 Oct 2018
Trade longer on Dhanteras!

Top stock exchanges NSE and BSE have decided to extend the trading session for gold exchange-traded funds (ETFs) and sovereign gold bonds (SGB) on November 5, till 7 pm on the occasion of Dhanteras, a festival celebrated two days before Diwali. The exchanges will conduct muhurat trading session on account of Diwali Laxmi Pujan on November 7 from 5:30 pm to 6:30 pm, BSE and NSE said in separate notices.

Also read: Dhanteras 2018: BSE, NSE to extend trading hours in gold ETFs, Sovereign Gold Bonds; check time and date

14:46 (IST)24 Oct 2018
Q2 update: Bajaj Auto's net profit up 4%

Key highlights:

  • September-quarter profit rose 3.65%, beating analyst estimates, to Rs 1,152 crore
  • Sales volume grew 25% to a quarterly record of around 1.3 million units
  • Total revenue from operations rose 21.6%

Bajaj Auto shares traded at Rs 2,466.95 per share on the BSE, down 4.62%.

13:16 (IST)24 Oct 2018
Q2 UPDATE: Rane Engine Valve reports net loss of Rs 4.1 Crore

Rane Engine Valve's Q2 FY19 Performance key highlights:

  • Total Net Revenue was up 14.60% at Rs 107.8 Crore for Q2 FY19 as compared to Rs 94.1 Crore in Q2 FY18
  • EBITDA stood at Rs 3.4 crore as compared to Rs 5.2 Crore during Q2 FY18, a decline of 35.1%
  • EBITDA Margin at 3.1% for Q2 FY19 as against 5.5% in Q2 FY18
  • Net Loss of Rs 4.1 Crore for Q2 FY19 as compared to a loss of Rs 2.4 Crore in Q2 FY18

Shares of the company fell 2.09% to Rs 453.10 per share on the BSE.

13:12 (IST)24 Oct 2018
Q2 UPDATE: Sterlite Tech’s PAT up 84%

Sterlite Tech’s key financial highlights from Q2 FY’19:

  • Revenues: Rs 1,084 crore, up 39% YoY
  • EBITDA: Rs 279 crore, up 56% YoY
  • PAT: Rs 131 crore, up 84% YoY

Sterlite Tech's share traded 1% higher at Rs 322.40 per share on the BSE.

13:07 (IST)24 Oct 2018
Why India's first Bitcoin ATM was shut down by police few days after opening

Just days after Unocoin installed India’s first Bitcoin ATM kiosk in Bengaluru, city’s cyber crime police registered a case against the virtual currency exchange firm, arrested the co-founder (Harish BN) and seized the kiosk. The crime department said the ATM kiosk at city’s Kempfort Mall was installed without required permission from the state government. The facility is dealing in virtual currency outside the remit of law, it added. The ATM was set up despite the Reserve Bank of India’s crackdown on cryptocurrency in India. 

Read the full story here: India’s first Bitcoin ATM opened days back shut down by police, co-founder arrested; here’s why

13:02 (IST)24 Oct 2018
Q2 update: Kotak Mahindra Bank's consolidated PAT up 21%

Kotak Mahindra Bank Q2 key highlights:

    • Standalone net profit for Q2FY19 increased to Rs 1,142 crore from Rs 994 crore in Q2FY18.
    • Net Interest Income (NII) for Q2FY19 increased to Rs 2,689 cr from Rs 2,313 cr in Q2FY18.
    • Net Interest Margin (NIM) for Q2FY19 at 4.2%
    • Consolidated PAT for Q2FY19 was up 21% at Rs 1,747 crore from Rs 1,441 crore in Q2FY18

Shares of Kotak Bank were trading lower by 0.47% at Rs 1,172.20 per share on the BSE.

Also read: Kotak Mahindra Bank reports 21% rise in Q2 net profit to Rs 1,747 crore: Key figures in a nutshell

12:55 (IST)24 Oct 2018
Rupee hits three week high in trade today

We reiterate our bearish stance on USDINR in the short term as we believe there is a major confluence level that is placed at 74.8 - 74.5 in the near term which may help Rupee to appreciate further. With that, a slide in crude oil for past couple of days with almost a loss of 13.3% has given some relief to INR. The second factor that still remains is the rate hike from the US and a concern on the capital outflow. A hawkish tone from Fed and continued rate hikes are keeping the lower levels intact. Though we expect a fall in USDINR to be towards 72.2 - 72.2 in coming days and INR may further strengthen in coming weeks.

-- Mustafa Nadeem, CEO, Epic Research

12:31 (IST)24 Oct 2018
Airline stocks gain on falling crude oil price

Airline stocks received a major boost on Wednesday morning, with shares of Jet Airways, Spicejet and IndiGo soaring on the back of falling global crude oil prices. Jet Airways share price jumped as much as 5.28% to hit the day’s high at Rs 224, while Spicejet share price rallied to Rs 74 in the morning trade, gaining by more than 5.3% intra-day. Shares of Interglobe Aviation which runs the IndiGo airline jumped to intraday high of Rs 847.

Read full story here: Airline stocks soar: Jet Airways, Spicejet, IndiGo share prices zoom up to 6% on falling crude oil price

12:25 (IST)24 Oct 2018
Zydus Wellness proposes to jointly with Cadila Health propose to acquire Heinz India for Rs 4,595 cr

Zydus Wellness Ltd. ('ZWL') on Wednesday announced that it has entered into a definitive agreement to acquire the subsidiary of Kraft Heinz, Heinz India Private Limited ('Heinz India'), jointly with Cadila Healthcare Ltd., at a valuation of Rs. 4595 crore.  The transaction is expected to close in Q4 FY 19, subject to regulatory approvals, the company said in a regulatory filing to the BSE. Heinz India's business comprises the brands Complan, Glucon D, Nycil and Sampriti Ghee, two large manufacturing facilities in Aligarh and Sitarganj and teams devoted to operations, research, sales, marketing and support. Heinz India also has a strong distribution network of over 800 distributors, more than 20,000 wholesalers covering 29 states.

Shares of Zydus Wellness traded 1.67% higher at Rs 1279 per share on the BSE.

Also read: Complan, Glucon-D to become truly Indian! Cadila’s Zydus set to buy iconic brands from Kraft for this much

12:15 (IST)24 Oct 2018
Global Markets UPDATE: Australian shares close lower, weighed by energy sector

Australian shares closed marginally lower on Wednesday as declining crude oil prices drove the energy sector lower, which offset gains in financial and healthcare stocks, said a Reuters report. The S&P/ASX 200 index closed 0.2% weaker at 5,829 points, its fourth straight session of losses. The benchmark fell 1.1% on Tuesday. Oil prices plunged about 5% overnight as a global equities sell-off raised concerns about demand growth, while Saudi Arabia promised to increase its output. The energy index slipped 2.1%, with index heavyweight Woodside Petroleum declining 1.3% and Santos Ltd down 2.5%, it added.

12:10 (IST)24 Oct 2018
Q2 UPDATE: Karur Vysya Bank's net profit up 10.7%

Karur Vysya Bank Q2 key highlights:

    • Net profit up 10.7% at Rs 83.7 crore vs Rs 75.6 crore YoY
    • Gross NPA at 7.70% vs 7.44% QoQ
    • Net NPA at 4.41% vs 4.50% QoQ
    • Net Interest Income up 4.3% at Rs 579.1 crore vs Rs 555 crore YoY
    • Loan growth at 7% YoY

Shares of Karur Vysya Bank traded 2% higher at Rs 76.45 per share on the BSE.

11:56 (IST)24 Oct 2018
TCS forms partnership with Intel to further secure Quartz Blockchain solution

IT services major Tata Consultancy Services (TCS) on Wednesday said it is partnering with Intel to integrate Intel Software Guard Extensions (Intel SGX) technology with the Quartz Blockchain solution, to further enhance the privacy and security of blockchain based ecosystems implemented using Quartz. This latest partnership is part of a long history of collaboration between these two leaders in their respective industries, the company said in a statement.

TCS shares traded 0.30% higher at Rs 1,849.65 per share on the BSE.

11:52 (IST)24 Oct 2018
NSE live! Check top Nifty gainers and losers

The NSE Nifty trimmed its early morning gains and traded 37.10 points or 0.37% higher at 10,183.90 points. Heavy selling pressure in IT, media, pharma and auto sectors pared early morning gains, whereas good buying in realty, banking and financial services stocks added to the upward rally. Check out the top 5 gainers and losers on the Nifty during late-morning trade deals:

11:47 (IST)24 Oct 2018
Global markets UPDATE: Pakistani stocks jumped 3.3% today; here's why

Pakistani shares soared 3.3% in early trading on Wednesday after overnight news that staunch ally Saudi Arabia has offered a $6 billion rescue package for the economy, said a Reuters report. The Pakistan Stock Exchange's benchmark 100-share index rose 1,256.29 points to trade at 38,971.19 at 10.34 a.m. (0534 GMT), according to the bourse's website. The $6 billion package, combining a $3 billion loan to shore up Pakistan's depleting foreign currency reserves and $3 billion in deferred oil payments, far exceeded analyst expectations of what Saudi Arabia would offer.

11:45 (IST)24 Oct 2018
Bajaj Auto shares down 1% ahead of Q2 results

Bajaj Auto shares fell over 1% to an intra-day low of Rs 2,555 per share ahead of the announcement of its corporate earnings for the second quarter ended September 2018. Currently, shares of Bajaj Auto traded 0.87% lower at Rs 2,564 per share on the BSE.

11:36 (IST)24 Oct 2018
Sector UPDATE: Oil marketing companies gain as crude prices drop

PSU oil marketing companies gained up to 4% on Wednesday after crude oil prices dropped to over one-month low overnight. BPCL shares gained over 4%, while HPCL and IOC shares gained 3%. RIL shares were down 0.03%.

11:12 (IST)24 Oct 2018
BSE live! Mid-cap index erases gains

The BSE mid-cap index erased most of its morning gains and traded merely 0.89 points or 0.01% higher during late-morning trade deals on Wednesday. The S&P BSE 150 MidCap Index traded lower by 2.37 points or 0.05%. Check out the gainers and losers om the index:

11:08 (IST)24 Oct 2018
Q2 IMPACT: Ambuja Cements Ltd's shares fall 3.8%

Ambuja Cements Ltd's shares fell nearly 3.8% to an intra-day low of Rs 192.95 per share on the NSE after the cement maker reported a 30% plunge in its Q2 standalone profit, said a Reuters report. The company's share fell to its lowest in over 3 months. On Tuesday, the company said rising costs and volatility in exchange rate hurt the quarter's performance.

Macquarie analysts said: 'While cement demand continues to be in the double digits, stagnant prices have kept margins under pressure over the last six months'; maintain 'neutral' rating with PT of Rs 230.

Deutsche Bank said: Core cement EBITDA margins dropped 22% to their lowest in at least 10 years due to higher-than-expected cost inflation. The bank rated the stock 'hold' with PT of Rs 225.

10:59 (IST)24 Oct 2018
Sector UPDATE: Pharma stocks trade lower; Dr Reddy's Lab down nearly 3%

The Nifty Pharma index was trading lower on Wednesday, with Dr Reddy's Lab stocks down nearly 3% on the NSE. Check the performance of all pharma stocks here:

10:55 (IST)24 Oct 2018
Mukesh Ambani stock surges 2% as crude oil price eases

Snapping a three-day losing spree, RIL share price surged on Wednesday morning after falling global crude oil prices lifted sentiments for the prospects of oil-telecom conglomerate. Reliance Industries share price gained as much as 2% to Rs 1,075.95 in the morning trade, even as crude oil prices fell to a near two-month low. RIL shares were on a falling spree after the Mukesh Ambani-led firm reported Q2 results below market expectations. Read here: RIL share price snaps three-day losing spree, Mukesh Ambani stock surges 2% as crude oil price eases

Shares of RIL were currently trading lower by 0.29% at Rs 1,049.60  per share on the BSE.

10:52 (IST)24 Oct 2018
BSE gets SEBI nod to launch Oman Crude Oil contract in commodities

BSE has received markets regulator Sebi’s approval to launch Oman Crude Oil contract on its newly launched commodity derivatives segment, it said in a statement today. BSE had marked its entry into the commodity derivatives segment with gold and silver contracts on October 1, 2018 and became India’s first universal stock exchange with all assets classes including equity, mutual funds, currency and commodity in its portfolio. “BSE believes in systematic development of market through product innovation, awareness and research with a view to provide a wider product range to the market participants," said Ashishkumar Chauhan, BSE MD & CEO.

10:50 (IST)24 Oct 2018
Major Q2 earnings today: Bajaj Auto, Bharti Infratel, Kotak Mahindra Bank, Wipro

Bajaj Auto, Bharti Infratel, Kotak Mahindra Bank and Wipro are among the major Nifty companies which are expected to declare their quarterly earnings today. Among other companies are Bharat Financial Inclusion, Everest Industries, Hexaware Technologies, IDFC Bank, Jubilant Foodworks, Interglobe Aviation, KPIT Technologies, L&T Finance Holdings, Larsen & Toubro Infotech, M&M Financial Services, Radico Khaitan and Sterlite Technologies.

TTK Prestige reported a rise of 28.4% in its profit after tax during the second quarter of 2018 to Rs 53.8 crore vs Rs 41.9 crore YoY.

10:45 (IST)24 Oct 2018
$100 billion foreign funds into India stocks in last decade makes share market vulnerable to outflows

Indian stocks have been the biggest emerging-Asian beneficiaries of the wave of liquidity that swept over world markets in the wake of the global financial crisis, according to data compiled by Bloomberg. That may also make them the most vulnerable, now that the waters are receding. Foreign investors have pumped a net $101 billion into the country’s equities from the beginning of 2009 through the end of last quarter, Bloomberg calculations using cumulative year-end net investment flow data show. That’s more than the combined offshore purchases of South Korean and Taiwanese stocks over the period. Thailand is the only emerging Asian market excluding China that has seen outflows.

Read the full story here

10:34 (IST)24 Oct 2018
Sector UPDATE: PSU Banks trade higher, SBI shares up 1.15%

The Nifty PSU Bank index traded higher on Wednesday, led by gains in shares of OBC, ONB, SBI, Syndicate Bank, Union Bank and Bank of India among others.

10:25 (IST)24 Oct 2018
Q2 UPDATE: TTK Prestige's second quarter profit jumps 28% to Rs 53.8 crore

TTK Prestige Q2 key highlights:

  • PAT up 28.4% at Rs 53.8 crore vs Rs 41.9 crore YoY
  • Revenue up 7.3% to Rs 552 crore vs Rs 514.7 crore YoY
  • EBITDA up 23% to Rs 81 crore vs Rs 66 crore YoY
  • EBITDA margin at 14.6% vs 12.8% YoY

Shares of TTK Prestige traded 2.84% higher at Rs 6,150 per share on the BSE.

10:18 (IST)24 Oct 2018
Q2 IMPACT: HCL Tech shares rise 3% after strong results

HCL Technologies shares rose over 3% to a high of Rs 982.45 per share on the BSE a day after the company posted a 16.1% increase in consolidated net profit to Rs 2,540 crore for the September 2018 quarter. The Software services major posted a 19.5% growth in revenue to Rs 14,861 crore in the quarter under review. In dollar terms, the net profit rose 5.1% to $356.7 million for July-September quarter, while revenue was higher by 8.9% at $2.09 billion.

10:10 (IST)24 Oct 2018
Sector UPDATE: IT stocks fall as rupee strengthens against the US dollar

The Nifty IT index slipped into the red on Wednesday as the rupee strengthened nearly 40 paise against the dollar in early trade. Wipro shares were down nearly 3% ahead of announcement of its quarterly earnings.

09:56 (IST)24 Oct 2018
Rupee gains 40 paise vs US dollar in opening trade

Rupee opened strong in the early trade Wednesday, gaining 40 paise to 73.17 per US dollar versus its previous close at 73.57 against the greenback amid a sharp fall in global crude oil prices. The 10-year bond yields were down 4 basis points at 7.85 percent.

Read more here: Rupee opens strong, gains 40 paise vs US dollar in opening trade; bond yields fall

09:54 (IST)24 Oct 2018
BSE live! Sensex off opening highs on profit booking in IT, pharma stocks

The BSE Sensex trimmed initial gains to trade 237.16 points or 0.70% higher at 34,084.39 points. The index had surged over 450 points to scale an intra-day high of 34,300.97 points in opening trade on Wednesday. Profit booking in most IT bluechips like TCS, Wipro and Infosys pared some gains.

09:50 (IST)24 Oct 2018
Global markets UPDATE: Asian stocks struggle as global woes persist, oil near 2-months low

Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2%, extending the decline of more than 2% in the previous session.

Also read: Asia stocks struggle as global woes persist

09:38 (IST)24 Oct 2018
NSE live! Check out the most traded stocks in first 15 minutes

The NSE Nifty opened firmly above the 10,250-level on Wednesday. Around 9.35 am, the Nifty trimmed some of its early gains to trade 85.95 points or 0.85% higher at  10,232.75 points. Check out the most traded stocks on the NSE by volume in the first 15 minutes of trade:

09:27 (IST)24 Oct 2018
Market OPEN! Sensex opens 400 points higher, Nifty trades firm above 10,250 points

The BSE Sensex surged over 450 points to scale an intra-day high of 34,300.97 points in opening trade on Wednesday. The NSE Nifty opened firmly above the 10,250 points at 10,278.15. Check the top gainers and losers on The Sensex:

09:22 (IST)24 Oct 2018
Stocks in focus today: Bharti Airtel, Sun Pharma, ICICI BAnk, Jaypee Infra

Bharti Airtel: Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, have agreed to invest $1.25 billion through a primary equity issuance in Airtel Africa.

Sun Pharma: Sun Pharmaceutical Industries has launched its plaque psoriasis treatment drug Ilumya (tildrakizumab-asmn) in the US market.

ICICI Bank: Law firm Cyril Amarchand Mangaldas has withdrawn its 2016 report that had given a clean chit to former ICICI Bank chief executive Chanda Kochhar with regard to nepotism allegations against her, PTI reported citing sources. ICICI Bank said the clean chit given to Kochhar in March this year was based on the inquiry report of the law firm which is now saying that the same should no longer be treated as valid.

Jaypee Infra: Lenders of bankruptcy-bound Jaypee Infratech have rejected a proposal to appoint Vijaykumar V Iyer as new resolution professional (RP).

Share market on Tuesday: Sensex and Nifty — the benchmark indices of the domestic equity markets — extended losses for the third consecutive session on Tuesday tracking weakness in global markets, a weak rupee and sell-off in index heavyweights. The BSE Sensex closed Tuesday’s trade 287.15 points or 0.84% lower at 33,847.23 points. The Nifty closed at 10,146.80 points, down 98.45 points or 0.96%.