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MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

The markets ended higher on Friday ahead of the Karnataka Assembly elections

SI Reporter  |  New Delhi 

Markets, Stocks, Shares
A share broker monitors market fluctuation
 

Top gainer of the day: Asian Paints Nifty Metal index ends 1.56% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) JINDAL STEEL 256.40 244.70 11.70 4.78 HIND.COPPER 74.00 71.05 2.95 4.15 VEDANTA 286.95 279.70 7.25 2.59 TATA STEEL 607.25 594.15 13.10 2.20 NATL. ALUMINIUM 78.10 76.95 1.15 1.49 Nifty Sectoral gainers and losers of the day BSE Sensex: Asian Paints top gainer of the day, Bharti Airtel, Sun Pharma among top losers Market at close   The S&P BSE Sensex ended at 35,536, up 290 points while the broader Nifty50 index settled at 10,807, up 90 points. Pharma shares under pressure;Glenmark hits 52-week low, Sun Pharma falls 6% Shares of select pharmaceutical companies were under pressure, falling by up to 6% ahead of US President Donald Trump speech today about controlling prescription drug prices. Sun Pharmaceutical Industries slipped 6% to Rs 468 on the BSE in noon deal on back of heavy volumes. Novartis India, Marksans Pharma, Ajanta Pharma, Morepen Laboratories, Alkem Laboratories, Sun Pharma Advanced Research Company (SPARC) and Aarti Drugs were down in the range 3% to 4% on the BSE. READ MORE

The ended higher on Friday ahead of the Assembly The southern state will vote on Saturday and the poll outcome will be known on May 15.

The S&P ended at 35,536, up 289 points while the broader Nifty50 index settled at 10,807, up 90 points.

Among individual stocks, Asian Paints hit a record high on strong March-quarter results and was among the top contributors to index gains. Stock was the top gainer of the broader Nifty50 index.

of Fortis Healthcare ended 3% lower at Rs 148 on the BSE, after the company said the board chooses the Hero Enterprises-Burman Family Office offer as the best for the hospital and diagnostic chain.

GLOBAL MARKETS

Asian peers also rose following an overnight rally in US equities after soft inflation data in the world’s largest economy indicated that the Federal Reserve may not increase interest rates at a faster pace.

US consumer prices rose less than expected in April, indicating a moderate rise in inflation which could allow the Federal Reserve to continue gradually raising interest rates.

MSCI’s broadest index of Asia-Pacific outside Japan rose 0.9 per cent.

(with inputs from Reuters)

First Published: Fri, May 11 2018. 15:30 IST
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MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

The markets ended higher on Friday ahead of the Karnataka Assembly elections

The markets ended higher on Friday ahead of the Karnataka Assembly elections
The ended higher on Friday ahead of the Assembly The southern state will vote on Saturday and the poll outcome will be known on May 15.

The S&P ended at 35,536, up 289 points while the broader Nifty50 index settled at 10,807, up 90 points.

Among individual stocks, Asian Paints hit a record high on strong March-quarter results and was among the top contributors to index gains. Stock was the top gainer of the broader Nifty50 index.

of Fortis Healthcare ended 3% lower at Rs 148 on the BSE, after the company said the board chooses the Hero Enterprises-Burman Family Office offer as the best for the hospital and diagnostic chain.

GLOBAL MARKETS

Asian peers also rose following an overnight rally in US equities after soft inflation data in the world’s largest economy indicated that the Federal Reserve may not increase interest rates at a faster pace.

US consumer prices rose less than expected in April, indicating a moderate rise in inflation which could allow the Federal Reserve to continue gradually raising interest rates.

MSCI’s broadest index of Asia-Pacific outside Japan rose 0.9 per cent.

(with inputs from Reuters)

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Business Standard
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MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

The markets ended higher on Friday ahead of the Karnataka Assembly elections

The ended higher on Friday ahead of the Assembly The southern state will vote on Saturday and the poll outcome will be known on May 15.

The S&P ended at 35,536, up 289 points while the broader Nifty50 index settled at 10,807, up 90 points.

Among individual stocks, Asian Paints hit a record high on strong March-quarter results and was among the top contributors to index gains. Stock was the top gainer of the broader Nifty50 index.

of Fortis Healthcare ended 3% lower at Rs 148 on the BSE, after the company said the board chooses the Hero Enterprises-Burman Family Office offer as the best for the hospital and diagnostic chain.

GLOBAL MARKETS

Asian peers also rose following an overnight rally in US equities after soft inflation data in the world’s largest economy indicated that the Federal Reserve may not increase interest rates at a faster pace.

US consumer prices rose less than expected in April, indicating a moderate rise in inflation which could allow the Federal Reserve to continue gradually raising interest rates.

MSCI’s broadest index of Asia-Pacific outside Japan rose 0.9 per cent.

(with inputs from Reuters)

image
Business Standard
177 22