11:05 am Market Check: Benchmark indices continued to trade higher, with the Sensex holding 100-pt gain, while the Nifty was hovering around 10500.
At 11:01 hrs IST, the Sensex is up 117.96 points or 0.35% at 33930.22, and the Nifty up 46.30 points or 0.44% at 10488.50. The market breadth was positive as 1846 shares have advanced, against a decline of 598 shares, while 536 shares were unchanged.
ICICI Bank, Bharti Airtel, Hindalco, and Vedanta are the top gainers, while Dr. Reddy’s and Tata Motors lost the most.
10:50 am Buzzing Stock: Dr. Reddy’s Laboratories fell over 4.5 percent intraday as investors reacted to the receipt of establishment inspection report (EIR).
10:31 am North Korean update: North Korean leader Kim Jong Un has given an order to open a long-closed border hotline with South Korea at 0630 GMT on Wednesday for talks, an unidentified North Korean official announced in a televised statement.
The talks would aim to establish the formal dialogue about sending a North Korean delegation to the Pyeongchang Winter Olympics in South Korea next month, the official said.
The statement came a day after South Korea proposed high-level discussions with North Korea following Kim's earlier New Year's address, in which he said he was open to speaking with Seoul.
10:14 am Market Check: Equity benchmarks have extended their gains, with the Sensex trading around 150 points higher, while the Nifty is up about half a percent.
At 10:10 hrs IST, the Sensex is up 145.43 points or 0.43% at 33957.69, and the Nifty up 50.10 points or 0.48% at 10492.30. The market breadth is positive as 1735 shares have advanced, against a decline of 484 shares, while 545 shares are unchanged.
Adani Ports, ICICI Bank, and Vedanta are the top index gainers, while Dr. Reddy’s Labs and ONGC were the top losers.
10:05 am Orient Green gains: Shares of Orient Green Power Company touched a 52-week high of Rs 12.21, gaining more than 11 percent in the early trade on Wednesday on the divestment of subsidiaries.
The company has disinvested 8 biomass subsidiaries to Janati BioPower with effect from December 31, 2017.
From the sale consideration, the company has received Rs 49 crore.
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