BSE Sensex rises over 100 points, while the Nifty 50 trades above 11,000. Here are the latest updates from the markets

The BSE Sensex and NSE’s Nifty 50 erased all opening gains and traded lower on Friday following losses in auto and housing finance stocks. Asian stocks rounded out a volatile month with gains, with Japanese shares outperforming thanks to a slide in the yen to the weakest level this year. Shares in Hong Kong and Australia also gained, with Chinese shares nudging higher. Oil prices inched up on Friday, with investors trying to gauge the potential impact on supply from looming U.S. sanctions on Iran’s crude exports. The Indian rupee strengthened against the US dollar, tracking the gains from Asian currency market.

9.47 am IST
Yes Bank shares fall over 5%
Jet Airways shares fell as much as 5.09% to Rs 173.35 per share on BSE as the airline informed its lenders that worsening macroeconomic conditions were beyond the company’s control and the profitability targets, as per the covenant with the lenders, are likely to be missed, reported Mint. Responding to the concerns raised by its overseas lenders, Jet Airways’ chief executive, Vinay Dube, in a letter said that in case the airline failed to infuse funds through the stake sale in JetPrivilege and equity infusion by 31 March, it would make efforts to obtain a bridge loan from investors, added the report, citing a person with direct knowledge of the matter said, requesting anonymity.

9.38 am IST
Infibeam shares tank 54%
Shares of Infibeam Avenues Ltd fell as much as 53.07% to Rs 197.55 per share on BSE. At 9.36am, as many as 33.11 lakh hands changed hands as against two-week average of 10.87 lakh. On NSE, the stock fell as much as 54.4% to a low of Rs 91.25.

source: livemint.com