The BSE Sensex gained over 150 points in the opening trade, while NSE’s Nifty 50 rose past the 10,400 level. Here are the latest updates from the markets

The BSE Sensex gained over 150 points in the opening trade, while NSE’s Nifty 50 rose past the 10,400 level as investor concerns eased after the finance ministry said that the Reserve Bank of India’s autonomy is essential. Moreover, positive cues from global markets and domestic corporate earnings also boosted investor sentiment. The rupee strengthened marginally against the dollar as Asian currencies gained after crude oil prices eased. Moreover, Domestic investors purchased equities to the tune of Rs 1,142.92 crore on net basis on Wednesday. Most stocks in Asia advanced, building on a rally in global equities in the final two days of what was still their worst month in more than six years. Oil prices fell amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.

9.56 am IST
Jet Airways shares down on delays in rental payments
Shares of Jet Airways India Ltd fell as much as 3.73% to Rs 214 after the company said it got notices from some aircraft leasing companies for delays and defaults on rental payments. The stock recovered later and traded 0.22% down at Rs 221.80.

9.35 am IST
IndusInd Bank shares fall 2% on disclosure of loan exposure
Shares of Indusind Bank Ltd fell as much as 1.89% to Rs 1,397.40 after the bank said it has Rs 3,000 crore loans outstanding to a distressed infrastructure company and its units. As on date, all loans to the group are classified as Standard Accounts, the bank said without naming the borrower.

source: livemint.com