BSE Sensex trades marginally lower, whole the Nifty 50 slips below 11,400. Here are the latest updates from the markets

BSE Sensex and NSE’s Nifty 50 gained on Wednesday following positive cues from Asian stocks amid ongoing earnings season. The Indian rupee was trading marginally higher against the US dollar, tracking gains in local equity markets. Asian stocks were broadly higher as investors looked past protectionism tussles and followed US stocks approaching fresh all-time highs. Oil prices rose on the back of worries about the trade row and a drop in Saudi Arabian output. Meanwhile, FIIs purchased shares worth Rs 314.83 crore on net basis on Tuesday, while DIIs sold shares worth Rs 319.9 crore. Sensex and Nifty 50 closed flat in the previous session.

9.57 am IST
GOCL Corp shares turn flat after rising 4%
GOCL Corporation Ltd rose 4% to Rs 400 in early trade, but gave all the gains. The company said it got explosives order worth Rs 203.09 crore from Singareni Collieries.
9.52 am IST
Patel Engineering shares jump 16% on new projects
Patel Engineering Ltd rose 16% to Rs 51 after the company said it got two hydroprojects and tunnel projects order worth Rs 2400 crore

9.40 am IST
Adani Enterprises shares fall 5% after Q1 profit declines
Adani Enterprises Ltd fell 5% to Rs 180 after the company reported 43% fall in June quarter net profit to Rs 80.14 crore from Rs 141.15 crore a year ago.
9.30 am IST
Mahindra shares rise 1% after Q1 results
Mahindra & Mahindra Ltd rose 1% to Rs 934 after the company reported 63% increase in standalone quarterly net profit supported by a low base effect. It also recorded higher tractor sales following a revival in rural demand during the quarter. The company’s net profit in the three months ended 30 June was at ₹ 1,220.96 crore, from ₹ 749.46 crore in the corresponding quarter of last year, and surpassing the ₹ 1,176.70 crore forecast in a Bloomberg survey of analysts.

source: livemint.com