BSE Sensex closed lower by 137.10 points at 34,046.94, while the Nifty 50 fell 34.50 points to close at 10,458.35. Here are the latest updates from markets

Benchmark indices Sensex and Nifty opened marginally higher on Thursday after falling for two straight sessions following better-than-expected economic growth, but later erased gains and traded lower. Government data showed India’s gross domestic product (GDP) expanded 7.2% in the third quarter of 2017-18—the fastest in five quarters. However, gains were limited as Asian stocks declined early on the first trading day of March, following losses in US equities. Here are the latest updates from the markets:

3.34 pm IST
Closing bell
BSE Sensex closed lower by 137.10 points, or 0.40%, to 34,046.94, while the Nifty 50 fell 34.50 points, or 0.33%, to close at 10,458.35.

2.15 pm IST
Market update
BSE Sensex traded lower by 13.35 points, or 0.04%, to 34,170.69, while the Nifty 50 edged up 3.70 points, or 0.04%, to 10,496.55. BSE MidCap was down 0.09%, while SmallCap gained 0.22%. Among the sectoral indices on BSE, oil and gas, auto, FMCG and telecom traded higher, bankex, IT, healthcare and teck declined.

2.13 pm IST
Rupee trades little changed against the US dollar
The Indian rupee was trading little changed against the US dollar ahead of as traders avoided taking huge positions ahead of the long weekend. At 2pm, the rupee was trading at 65.16, up 0.01% from its previous close of 65.18. The home currency opened at 65.25 and touched a high and a low of 65.10 and 65.27, respectively. Yields on 10-year government bonds were at 7.74% compared to Wednesday’s close of 7.726%. Bond yields and prices move in opposite directions.

2.10 pm IST
KNR Constructions gets Rs1020 crore order
KNR Constructions Ltd said it has received its first hybrid annuity project worth Rs1,020.60 crore from National Highways Authority of India in the state of Tamil Nadu. Shares traded 1.91% down at Rs303

source: livemint.com