Medical equipment maker Opto Circuits surged 16 percent after the Cabinet has approved 100 percent foreign direct investment in medical devices.
12:00
Moneycontrol Bureau 12:20pm Nikkei UpdateJapanese stocks rallied today after Wall Street hit a record closing-high on the back of data pointing to rapid momentum in the US economy, which boosted risk appetite and lent weight to last week's positive assessment by the Federal Reserve.
The Nikkei benchmark gained 1.2 percent in thin trade to 17,854.23, its highest close since Dec. 8 and its fifth straight day of gains. Japanese markets were closed on Tuesday for a public holiday.
Exporters performed strongly on the back of a weaker yen, which fell through the 120 mark against the dollar. Toyota Motor Corp gained 1.6 percent, while Panasonic added 1.5 percent.
The broader Topix added 0.9 percent to 1,426.02, while the JPX-Nikkei Index 400 also gained 0.9 percent to 12,955.65, reports Reuters.
12:00pm Market Check
Equity benchmarks extended fall in noon trade weighed by HDFC twins, oil & gas, capital goods and healthcare stocks. The Sensex fell 113.25 points to 27393.21 and the Nifty declined 31.70 points to 8235.30.
About 1114 shares have advanced, 1284 shares declined, and 105 shares are unchanged on the Bombay Stock Exchange.
Medical equipment maker Opto Circuits surged 16 percent after the Cabinet has approved 100 percent foreign direct investment in medical devices.
Max India and Reliance Capital gained 3-4 percent as Cabinet has approved ordinance on insurance today along with ordinance on coal.
11:00
Hindalco, NTPC, ONGC, Dr Reddy's Labs and HDFC are among the losers in the Sensex. Gainers are Coal India, ITC, M&M, Infosys and Hero.
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10:00
Gujarat Gas, Nirlon, Wockhardt, Mastek, Reliance Capital, SBI, Infosys and Jaiprakash Associates were most active shares on exchanges.
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09:15
The dollar hovered at its highest in nine years after stunningly strong US economic growth. The dollar index hit 90 for the first time in nine years, up more than 12 percent in 2014.
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