BSE Sensex gains over 200 points, while the Nifty 50 trades above 11,300. Here are the latest updates from the markets

BSE Sensex and NSE’s Nifty advanced today, following positive sentiment in global markets. Asian stocks extended gains after US stocks hit new all-time highs, while the dollar slipped as investors shrugged off trade tensions between China and US. Moreover, a rally in emerging market assets also boosted sentiment in markets. Oil prices have pulled back after US President Donald Trump urged OPEC to increase production at its meeting in Algeria. Meanwhile, FIIs sold shares worth Rs 2184.55 crore on net basis on Wednesday, while DIIs purchased equities worth Rs 1201.3 crore, provisional data showed.

10.20 am IST
ICICI Bank shares rise nearly 4% on fund raising plan
ICICI Bank shares rose as much as 3.91% to Rs 333.40 after the bank on Wednesday said that it will consider offshore fund raising via issuances of debt instruments. Moreover, the Securities and Exchange Board of India on Tuesday said that ICICI Bank has replied to its showcause notice with respect to a probe into alleged regulatory lapses involving its chief executive officer Chanda Kochhar, her husband and NuPower Renewables promoter Deepak Kochhar and his business dealings.

10.08 am IST
SBI says oversold rupee may recover to 68/dollar as oil peaks
Indian rupee may be set to recover as oil peaks out and investors realize the currency has been sold off too heavily amid the emerging-market rout, State Bank of India or SBI says. The currency’s recent slide is also likely to be self-correcting to some extent as its weakness will help boost exports, said Shantanu Shukla, Singapore-based vice president for global markets at SBI.

9.37 am IST
ILFS Transportation Networks shares down 6%
Shares of ILFS Transportation Networks Ltd fell as much as 6.49% to Rs 22.30. Infrastructure Leasing and Financial Services Ltd (IL&FS) is planning to sell a majority stake in its financial services unit and additional assets worth ₹ 4,500 crore to pay down debts as the company rushes to meet its obligations and avoid bankruptcy, Mint reported, citing three executives familiar with the development said, requesting anonymity.

9.30 am IST
jet Airways shares slump 8%
Jet Airways shares slumped as much as 8% to Rs 224.70. On Thursday, a Jet Airways flight bound for Jaipur had to turn back to Mumbai on Thursday for failure to maintain cabin pressure, leading to nose and ear bleeding among several passengers.

source: livemint.com