Oct 10, 10:06 AM (IST)

Shares of Garden Reach Shipbuilders and Engineers on Wednesday listed at a discount of 12 percent at Rs 104 apiece. The upper end of its issue price was Rs 118.

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained on Wednesday following positive cues from global markets. Asian shares steadied in early Wednesday trade after world stocks hit eight-week lows the previous day on worries about global economic growth. In the US, stock markets showed a mixed picture. Oil prices edged lower to $84.98 after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned towards Florida. The Indian rupee on Wednesday strengthened marginally against the US dollar, tracking gains in Asian peers.

9.53 am IST
Market update: Sensex up 200 points, Nifty 50 rises 80 points BSE Sensex gained 217.72 points, or 0.63%, to 34,517.19, while the Nifty 50 rose
79.85 points, or 0.78%, to 10,380.90. The BSE MidCap and SmallCap indices advanced 2.06% and 1.57%, respectively.  All the sectoral indices on BSE rose with consumer durables, capital goods, auto and healthcare leading gains. IT and teck fell 0.44% and 0.18%, respectively.  Maruti Suzuki, Bajaj Finance, Hero MotoCorp and Vedanta among the top gainers, whereas Yes Bank, Infosys, HCL Tech and Wipro were major losers.

9.40 am IST
NLC India shares jump 11% on shares buyback
Shares of NLC India Ltd jumped as much as 11.8% to Rs 82.75 after the company on Tuesday disclosed that its board has approve buyback of up to 14.19 crore equity shares of the company at a price of Rs 88 per share for an aggregate amount of Rs 1,248 crore.

9.35 am IST
Shares of ILFS group companies fall after report of SFIO probeIL&FS Transportation Networks Ltd, IL&FS Engineering and Construction Co. Ltd and
IL&FS Investment Managers hit their lower circuits. The Serious Fraud Investigation Office (SFIO) has narrowed on five arms of Infrastructure Leasing &
Financial Services that may have been involved in fund diversion and mismanagement, reported the Economic Times. The five companies under SFIO probe are IL&FS Transportation Networks, IL&FS Financial Services, IL&FS Energy Development, IL&FS Tamil Nadu Power and IL&FS Engineering and Construction Company, according to the report.

source: livemint.com