BSE Sensex trades higher by nearly 100 points, while the Nifty 50 trades above 10,100. Here are the latest updates from the markets

Benchmark indices declined in the opening trade on Tuesday, but recovered soon, with Sensex rising around 100 points and NSE’s Nifty 50 above 10,100. Shares fell following losses in Asian and US equities as US Federal Reserve is set to raise interest rates on Wednesday. The Indian rupee weakened for the fourth consecutive session against the US dollar.

11.45 am IST
Market update
BSE Sensex traded higher by 157.57 points, or 0.48%, to 33,080.69, while the Nifty 50 rose 46.95 points, or 0.47%, to 10,141.20.

11.43 am IST
Canara Bank shares down 5
Canara Bank shares fell 5% to Rs251 after The Central Bureau of Investigation (CBI) on Monday filed a chargesheet at the special CBI court in Delhi against a slew of former senior officials of Canara Bank and executives of a Delhi-based private company for allegedly cheating the bank of Rs68.36 crore.

11.40 am IST
Aviation stocks trade higher
Indian aviation stocks rise after government data showed passengers carried by domestic airlines in February rose 24.1% year over year. Jet Airways rose as much as 2.44%, Spicejet 2.2% and InterGlobe Aviation gained 1.3%.

11.35 am IST
Arfin India shares jump 8% on receipt of new order
Shares of Arfin India Ltd jumped 7.99% to Rs507.90 after the company said it has bagged orders worth Rs170 crore from JSW Steel Ltd for supply of various aluminium Deox products and various cored wire products.

10.37 am IST
Market update
BSE Sensex traded higher by 95.21 points, or 0.29%, to 33,018.33, while the Nifty 50 rose 29.05 points, or 0.29%, to 10,123.30. Among the sectoral indices on BSE, IT gained most at 0.78% followed by teck 0.74%, consumer durables 0.63% and energy 0.54%, while metal was down 0.56%, utilities 0.32% and bankex 0.27%. BSE MidCap and SmallCap were up 0.33% and 0.11%, respectively.

source: livemint.com