Among sectors, pharmaceuticals and consumption and infra names are trading in the green, auto and IT names are trading in the red.

Bharti Airtel, Bajaj Auto, Axis Bank, Reliance, JSW Steel, Sun Pharma and ITC are top gainers, whereas Power Grid, HCl Tech, Tech Mahindra and Hero MotoCorp lead losses. Here are the latest updates from the markets
Indian benchmark indices started the new year on a positive note, with the Sensex rising nearly 100 points and Nifty 50 trading above 10,850. All financial markets in Asia are closed on Tuesday for a public holiday. US stocks ended the worst year since the financial crisis with a narrow gain. The S&P 500 finished a choppy session higher and the Nasdaq Composite capped its first four-day advance since August amid optimism that President Donald Trump will move toward a trade deal with China. In 2018, the Sensex and Nifty gained 5.91% and 3.15%, respectively, after a blockbuster year for equities last year.

Jan 01, 10:16 AM (IST)
JUST IN | Maruti Suzuki sold a total of 128,338 units in December 2018. This includes 121,479 units in domestic market and 6,859 units of exports.

10.05 am IST
Market update: Sensex, Nifty erase gains
The BSE Sensex traded 121.76 points, or 0.34%, down at 35,946.57. The Sensex opened higher at 36,161.80 and rose 155 points to a peak of 36,224. The Nifty 50 traded 28.05 points, or 0.26%, lower at 10,834.50 after rising 23 points to a high of 10,885.30.
The BSE midcap was down 0.2%, while the smallcap was up 0.03%. Sixteen out of 19 sectoral indices declined, with metal, auto, FMCG and consumption falling 0.4% to 0.9%. Realty, telecom and healthcare advanced.

9.45 am IST
Lupin shares gains on drug approval from USFDA
Lupin shares traded 0.6% up at Rs 850.60 per share after the company said it has received approval from the USFDA for Clobazam oral suspension, 2.5 mg/mL, the generic version of Lundbeck Pharmaceuticals LLC’s Onfi oral suspension.

9.32 am IST
Kotak Bank shares trade lower as promoter missies RBI deadline
Shares of Reliance Industries traded 0.66% down at Rs 1245.25 per share. Uday Kotak, founder of Kotak Mahindra Bank, on Monday missed the 31 December deadline set by the Reserve Bank of India (RBI) to cut his holding to 20%.

RUPEE OPENS The Indian rupee gained in the early trade on the first day of 2019. It opened higher by 15 paise at 69.62 per dollar against previous close 69.77.

source:  livemint.com