All sectoral indices were trading in the green barring FMCG and IT.

Mar 26, 10:00 AM (IST)
Market Extends Gains

The 30-share BSE Sensex extended gains in morning, rising 102.49 points to 37,911.40 and the Nifty50 is inching towards 11,400, up 32.30 points at 11,386.60.

The market breadth remained in favour of bulls. About 1,118 shares advanced against 557 declining shares on the BSE.

Mar 26, 09:50 AM (IST)
Jet Airways on Buyers’ Radar

Jet Airways shares continued to see buying interest, rising another 9 percent in morning after lenders took control of company’s board and Naresh Goyal stepped down as Chairman.

Jet Airways founders Naresh Goyal and wife Anita Goyal have stepped down from the board of the cash-strapped airline on March 25. With this, Naresh Goyal ceases to be Chairman.

Apart from the Goyals, one nominee of Etihad Airways PJSC, Kevin Knight has also stepped down from the board, Jet Airways said in its BSE filing after its board meeting. Two nominee directors representing lenders have been inducted into the board.

Mar 26, 09:32 AM (IST)
Market Trade

The market continued to trade marginally higher with the BSE Sensex rising 58.93 points to 37,867.84 and the Nifty50 climbing 24 points to 11,378.30.

About two shares advanced for every share falling on the BSE.

Mar 26, 09:28 AM (IST)
Rupee Opening

The Indian rupee opened higher at 68.88 against the US dollar on March 26, 2019.

It appreciated by 5 paise compared to Monday’s close of 68.93 to the dollar.

“The rupee ended mildly higher, on March 25, recovering from its intraday lows of 69.17. RBI three-year dollar-rupee swap auction will be held today. The move in the rupee will be keenly watched ahead of RBI’s monetary policy meeting next week,” ICICI Securities said.

The brokerage further said the slump in US yields could cap the dollar’s ability to appreciate sharply.

source: moneycontrol.com