Here’s a summary of the stock market updates as of 10:40 AM:
* Overall market: The Sensex is down 575.49 points (0.70%) at 81,769.19, and the Nifty50 is down 160.65 points (0.63%) at 25,182.10.
* PM Modi on Trade Deal: PM Modi stated the India-EU free trade deal is a positive sign for manufacturers, opening up a large market.
* Metro Brands: Shares gained 5.3% after reporting healthy Q3 results, trading at ₹1,049.1 per share.
* Rupee: The domestic currency hit a new low of 91.99 against the US dollar.
* L&T: Shares of Larsen & Toubro (L&T) are up 3% following positive Q3 results and ‘Buy’ ratings from brokerages.
* birlasoft: Share price rallied 6% despite soft Q3 results, with analysts optimistic about medium-term recovery based on deal wins.
