TCS, Bajaj Auto, Axis Bank and Sun Pharma are among the top gainers. Here are the latest updates from the markets

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 traded little changed on Wednesday as trade tensions escalated after US plans additional tariffs on Chinese goods. Stocks in Asia tumbled with Chinese markets leading the decline after the Trump administration released the biggest list yet of Chinese goods it may hit with additional tariff, reports Bloomberg. Oil prices fell after US said it would consider requests from some countries to be exempted from November sanctions. The Indian rupee was trading flat against the US dollar.

10.44 am IST
MCX India shares rise 5% on merger talks
Shares of Multi Commodity Exchange of India Ltd rose 5% to Rs 811 after Economic Times reported that NSE appointed Morgan Stanley as adviser, while MCX names JPMorgan to help with exploratory deal talks.

10.25 am IST
IndusInd Bank Q1 results underscore its premium valuation
But why did IndusInd Bank share prices fall marginally after the Q1 results were announced?

9.43 am IST
Sensex, Nifty reverse losses
BSE Sensex traded higher by 35.52 points, or 0.10%, to 36,275.14, while the Nifty 50 edged up 7.20 points, or 0.07%, to 10,954.45.

9.37 am IST
IDBI Bank shares jump 10% on LIC deal
IDBI Bank Ltd rose 9.96% to Rs 58.50 after PTI reported that Life Insurance Corp. of India will make an open offer to minority shareholders of IDBI Bank in which it proposes to acquire up to 51% equity. The state-owned life insurer will approach market regulator Sebi after getting approval from its board for acquiring stake in the state-owned bank.

source: livemint.com