Jan 08, 10:04 AM (IST)
MARKET UPDATE Indices are off low points and turned green.

The Sensex is up 42.57 points or 0.12% at 35892.73, while the Nifty is higher by 5.60 points or 0.05% at 10777.40. The market breadth is narrow as 968 shares advanced, against a decline of 656 shares, while 95 shares were unchanged.

Jan 08, 09:42 AM (IST)
Market Update Benchmarks have extended their losses, with the Nifty giving up 10,750-mark.

The Sensex is down 80.82 points or 0.23% at 35769.34, and the Nifty down 28.40 points or 0.26% at 10743.40. The market breath was narrow as 718 shares advanced, against a decline of 599 shares, while 72 shares were unchanged.

Jan 08, 09:34 AM (IST)
Essar Steel update: The Ahmedabad bench of the NCLT on Monday reserved its verdict on the maintainability of the bid by Essar Steel Asia Holdings to retake the management of the crippled company.

The NCLT bench comprising BP Chaturvedi and Manorama Kumari said they will pass an order on the plea by January 31. ArcelorMittal, whose Rs 42,000-crore offer to take over the bankrupt Essar Steel was accepted by the committee of creditors, Monday told NCLT that there is no right to redemption under the bankruptcy laws as being sought by Essar Steel Asia Holdings.

It said as per section 12A of the IBC Act only resolution professional has right to file such an application after getting the approval of 90 percent of the lenders.

Jan 08, 09:19 AM (IST)
Market opens It’s a flat start for the market on Tuesday morning, with the Nifty trading around 10,760.

A brush of red is visible among majority of sector, while defensives such as IT and pharma are trading in the green.

The Sensex is up 51.33 points or 0.14% at 35901.49, and the Nifty down 9.60 points or 0.09% at 10762.20. The market breadth is positive as 259 shares advanced, against a decline of 120 shares, while 32 shares were unchanged.

ONGC, Sun Pharma, and Tata Motors are the top gainers, while M&M, Power Grid, and UltraTech Cement lost the most.

source: moneycontrol.com