Bharti Airtel, NTPC, Adani Ports, Asian Paints and Kotak Bank are top gainers on key indices, while Tata Motors, Sun Pharma, Tata Steel, Hindalco and Yes Bank lead losses. Here are the latest updates from the markets

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 declined on Wednesday following a selloff in global equities amid concerns over US-China trade
negotiations and global economic growth. Investors are cautious ahead of the Reserve Bank of India’s monetary policy decision today after 2.30pm. According to a Mint survey, RBI will keep the repo rate unchanged at 6.5%, while it will maintain the policy stance at “calibrated tightening”. Asian stocks fell following losses on Wall Street overnight after US threatened more tariffs, though US futures rose after Beijing officially said it was ready to implement trade terms agreed with US. Oil prices fell 1%, weighed down by rising US inventories and a plunge in global stock markets.

10.03 am IST
Jet Airways shares rise nearly 3% as airline promises to get new investors  Jet Airways shares rose as much as 2.75% to Rs 311.75 per share after the company said that it would bring on board a new investor in two-three months to help fund the cash-strapped airline. Top officials of Jet Airways, led by chief executive Vinay Dube, offered the assurance at a 26 November meeting with the pilots’ union,  National Aviator’s Guild, reported Mint, citing two people aware of the matter, requesting anonymity.

9.43 am IST
Market update: Sensex, Nifty fall for 2nd day
The BSE Sensex traded 266.14 points, or 0.74%, down at 36,868.17, and the Nifty 50 fell 79.05 points, or 0.73%, to 10,790.45. The BSE mid- and small-cap indices fell 0.65% and 0.62%, respectively. All the sectoral indices on BSE, except oil and gas, declined, with metal, basic material, consumer durables, FMCG and IT losing most at over 1%.

9.25 am IST
Kesoram Industries shares decline 8% on demerger announcement Shares of Kesoram Industries Ltd fell as much as 7.8% to Rs 89.60 per share after
the company said it was demerging its tyre business. The separated business ‘Birla Tyres’ will remain listed. Jan. 1, 2019 has been fixed as appointment date for the business spin-off. Birla Tyres will issue 1:1 equity share to Kesoram Industries at nominal value of Rs 10 per share.

source: livemint.com