BSE Sensex trades higher by 100 points, or 0.34%, to 29,084, while the Nifty 50 rises 30 points, or 0.34%, to 8,976

India’s benchmark indices Sensex and Nifty hit their two-year highs intraday. Sensex gained as much as 0.5% or 148.46 points to 29132.95 points—a level last seen on 13 March 2015, while Nifty rose 0.5% or 43.7 points to 8,989.50, a level last seen on 4 March 2015. The Indian rupee trades higher against the US dollar while the Asian currencies edge down. The Wockhardt Ltd shares fall over 5% while the Tata Motors Ltd shares rise in the opening trade.

9.31am: BSE Sensex trades higher by 100 points, or 0.34%, to 29,084, while the Nifty 50 rises 30 points, or 0.34%, to 8,976.

9.25am: Wockhardt Ltd shares fall 5.5% to Rs710 after its step-down unit in the US, Morton Grove Pharmaceuticals Inc., has received a warning letter from the US Food and Drug Administration (FDA) for violation of norms.

9.20am: The local currency opened at 66.76 a dollar. At 9.15am, the home currency was trading at 66.77, up 0.11% from its previous close of 66.83.

9.15am: The 10-year bond yield rose to 6.912% compared to its Wednesday’s close of 6.925%. Bond yields and prices move in opposite directions.

Source:  livemint.com