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Markets LIVE: Sensex, Nifty edge higher; IT stocks, Yes Bank lead gains

The SGX Nifty futures traded marginally lower, suggesting a flat opening for the Sensex and the Nifty 50. Here are the latest updates from the markets

enchmark indices BSE Sensex and NSE’s Nifty 50 rose marginally today amid muted sentiment in global markets. Asian stocks edged higher, though rising US interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth. IT stocks, which has been under selling pressure in the last two session, advanced today, with Infosys, TCS and Wipro rising around 1%. The Indian rupee strengthened for the seventh consecutive session, its longest winning streak since February 2017, against the US dollar as falling crude oil prices reduced fears of fiscal slippage and higher inflation. Oil prices dipped after US crude inventories increased to their highest level since December 2017.

9.48 am IST
DHFL shares up 3% after results
DHFL shares gained as much as 3.6% to Rs 243.50 per share. The company o n Wednesday reported a net profit of Rs 439 crore during the July-September quarter against a net profit of Rs 288 crore in the same quarter last year. Revenue from operations stood at Rs 3,516 crore, compared with Rs 2,628 crore last year. The company said it is in the process of raising much more resources to increase the liquidity level in offer to meet all the financial obligations.

Nov 22, 09:29 AM (IST)
Yes Bank surges Shares of Yes Bank are up around 2 percent on Thursday morning as investors reacted to news of a Board Meeting to discuss appointment of Chairman, CEO and independent director.

9.27 am IST
Bharti Airtel shares fall 3%
Bharti Airtel shares fell as much as 3.08% to Rs 321.50 per share after a news report said that Mukesh Ambani’s Reliance Jio to replace Bharti Airtel as service provider for Railways from January 1.

9.20 am IST
Deepak Fertilisers shares gain 3%
Shares of Deepak Fertilisers & Petrochemicals Corp. Ltd rose as much as 3.5% to Rs 170 after the company informed exchanges that the normal operations had resumed fully as the Income Tax team conducting search and seizure operations left the company’s offices.

source: moneycontrol.com

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