BSE Sensex trades nearly 50 points lower, while the Nifty 50 hovers around 11,350. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded cautious on Tuesday amid rising global trade tensions. Both the indices lost over 1% in the previous session. The rupee was trading little changed against the US dollar as traders awaiting further government measures to support the currency. Asian shares and US stock futures fell after US President Donald Trump said he will impose tariffs on an additional $200 billion worth of Chinese imports, escalating of the trade conflict between the world’s two biggest economies. Meanwhile, FIIs sold equities worth Rs 106.54 crore on net basis on Monday, while DIIs shed shares worth Rs 180.36 crore, provisional data showed. Here are the latest updates from the markets:
9.50 am IST
Tata Motors shares fall on JLR’s Brexit woes
Tata Motors shares fell 1.58% to Rs 256.10. Jaguar Land Rover said it will go down to a three-day week at its Castle Bromwich plant in central England just days after its boss warned about the impact of Brexit and diesel policy. The Castle Bromwich facility will operate a three-day week from October until the beginning of December in a move which will avoid job cuts, a spokeswoman said.

9.30 am IST
Idea shares rise over 2%
Shares of Idea Cellular gained as much as 2.22% to Rs 48.70. Vodafone Idea Ltd on Monday said that it will merge Aditya Birla Telecom Ltd, which holds 11.15% stake in telecom infrastructure firm Indus Towers, with it.
9.22 am IST
Bank of Baroda shares fall 10%, mid-size PSU bank stocks gain
Shares of Bank of Baroda declined 10% to Rs 121, while shares of mid-size PSU banks gained after the government on Monday proposed to merge three state-run banks—Bank of Baroda, Dena Bank and Vijaya Bank—in order to reduce the amount of capital it needs to pump into these lenders and help clean their balance sheets.
Dena Bank surged 20%, Uco Bank 11%, Central Bank of India 10%, Indian Overseas Bank 10%, Corporation Bank 6%, Allahabad Bank 5%, Syndicate Bank 5%, Andhra Bank 2.5%, Oriental bank of Commerce 2%, Vijaya Bank 6%.

source: livemint.com