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LIVE: Sensex opens flat ahead of Brexit poll, Nifty holds 8,200; Jain Irrigation up over 9%

by June 23, 2016 General

9.54 am: Max Ventures and Industries hit upper circuit on Thursday for the second trading session after the listing on bourses on Wednesday. Read more

9.31 am: Rupee appreciated 15 paise to 67.33 against the US dollar in early trade today on increased selling of the American currency by bankers and exporters. Read more: Indian rupee could see depreciation of upto 3 per cent

9.18 am: The 30-share index was up 39.16 points at 26,804. Jain Irrigation was trading 9.47 per cent up at Rs 47.95.

9.15 am: The BSE Sensex opened 12.45 points down at 26,753.20, while Nifty opened 2.55 points down at 8,201.15.

8.12 am: The BSE Sensex and NSE Nifty are likely to open on flat-to-cautious note on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

At 7.49 am (IST), SGX Nifty was up 6 points at 8,210.

Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic that British voters would opt to remain in the European Union at a referendum later in the session.

US stocks gave up morning gains and closed lower on Wednesday. The Dow Jones industrial average fell 48.9 points, or 0.27 per cent, to 17,780.83, the S&P 500 lost 3.45 points, or 0.17 per cent, to 2,085.45 and the Nasdaq Composite dropped 10.44 points, or 0.22 per cent, to 4,833.32.

Back home, equities fell for a second straight session on Wednesday as the BSE Sensex tumbled by 47 points despite a positive start, as investors remained on the sidelines, tracking cautious mood overseas, a day ahead of ‘Brexit’ vote.

Sebi and stock exchanges have beefed up their surveillance mechanism to deal with any excessive volatility in the run up to the ‘Brexit’ referendum whose outcome is keenly awaited by the investors.

The initial share sale of country’s second largest CNG retailer Mahanagar Gas continued to witness strong investor response with the issue getting oversubscribed 3.92 times on the second day of the three-day offering.

(With agency inputs)