Barring Infra and PSU bank index, all other sectoral indices are trading in green.

Yes Bank, Infosys, M&M and Sun Pharma are among the top gainers on the key indices, whereas Airtel, IndusInd Bank, ONGC and Axis Bank lead losses. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Monday following their Asian peers. The Sensex rose over 170 points in the opening trade, while the Nifty 50 traded above 10,700. However, investors will remain cautious ahead of a crucial RBI board meeting today amid tensions between the finance ministry and the central bank. Analyst expects that the key issues in board meeting will be easing rules for weaker banks, providing liquidity to non bank finance companies and framing a new capital framework for RBI. Most Asian stocks edged higher Monday even as U.S.-China trade tensions showed no sign of improvement over the weekend. Shares from Tokyo to Hong Kong rose, while Australian shares retreated.

9.58 am IST
Deepak Nitrite shares down 4%
Shares of Deepak Nitrite Ltd fell 4% to Rs 248 after the company confirmed that the Income Tax department carried out search operations, without disclosing additional details.

9.49 am IST
Tata Investment Corp shares rise on buyback proposal
Shares of Tata Investment Corp Ltd rose 5.6% to Rs 869.40 after the company said its board approves buyback of 45 lakh shares, representing 8.17% of total paid-up capital, at Rs 1,000 per share, aggregating to Rs 450 crore.

9.33 am IST
Dr Reddy’s shares rise over 3% as USFDA closes audit at AP plant
Shares of Dr Reddy’s Laboratories Ltd advanced as much as 3.07% to Rs 2,546.80 per share after the company said the USFDA has completed the audit of its formulations plant in Andhra Pradesh with zero observations.

9.28 am IST
Jet Airways shares fall 12%
Shares of Jet Airways India Ltd fell as much as 12.5% to Rs 303.25 per share after Tata Sons said that talks to buy a stake in cash-strapped airline Jet Airways are in early stages and there hasn’t been any decision taken yet. “Over the last few days there has been growing speculation in the print and electronic media about Tata’s interest in Jet Airways,” Tata Sons said after a board meeting.

source: livemint.com