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MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Sun Pharma surged over 8%, while Dr. Reddy ended nearly 5% higher on the BSE.

SI Reporter  |  New Delhi 

Benchmark indices trimmed their morning losses and ended flat on Friday even as yields on the 10-year government bonds hit over 8% in the opening session today, first time since May 2015, but soon declined. The S&P BSE Sensex ended at 35,444, down 19 points while the broader Nifty50 index settled at 10,768, down 1 points. Among individual stocks, Sun Pharma surged over 8%, while Dr. Reddy ended nearly 5% higher on the BSE. Among sectoral indices, the Nifty Pharma index rose 4.26% today led by a rise in the shares of Sun Pharmaceutical Industries, Lupin and Dr. ...

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MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Sun Pharma ends 8% on the NSE:

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Nifty Pharma index ends 4.26% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) SUN PHARMA.INDS. 528.25 488.75 39.50 8.08 LUPIN 810.05 767.35 42.70 5.56 DR REDDY'S LABS 2062.90 1964.95 97.95 4.98 AUROBINDO PHARMA 572.35 547.75 24.60 4.49 GLENMARK PHARMA. 556.75 536.65 20.10 3.75

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Sectoral Trend

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

BSE Sensex: Sun Pharma, Dr Reddy among top gainers of the day

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Market at close   The S&P BSE Sensex ended at 35,444, down 19 points while the broader Nifty50 index settled at 10,768, down 1 points.

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Reliance Industries rises for the eighth straight trading day Shares of Reliance Industries (RIL) have moved higher by 1.5% to Rs 986 per share, rebounding 2.6% from their intra-day low of Rs 961 on the BSE. READ MORE  

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

PSU banks extend gain; Uco Bank, Dena Bank up 5% Shares of select public sector undertaking (PSU) banks were quoting higher for the third straight trading day ahead of Finance Minister Piyush Goyal's meeting today with the chief executives of 15 public sector banks (PSBs) in Mumbai.   Dena Bank, Uco Bank and Corporation Bank were up 5% each, while Punjab National Bank (PNB), Bank of Maharashtra, Indian Overseas Bank, Andhra Bank and Allahabad Bank were up in the range of 3% to 4%. Shares of State Bank of India (SBI) however, trading 0.17% lower at Rs 269 on the National Stock Exchange (NSE). READ MORE

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Now, Samsung will guide you to pick the right stocks tied to North Korea Before the summit between North and South Korean leaders in April, Nomura Holdings Inc. came up with a list of stocks to buy should the countries decide to reunify. Now, Samsung Securities Co. is going one better. Ahead of the historic meeting between U.S. President Donald Trump and North Korean dictator Kim Jong Un in Singapore next week, the South Korean brokerage has set up a team to recommend stocks that are likely to benefit from rapprochement with the country’s northern neighbor. READ MORE

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Xiaomi gets Hong Kong stock exchange approval for IPO; to raise over $10 bn Xiaomi Corp. has won Hong Kong stock exchange approval for its planned initial public offering, which would be the first listing in the city with weighted voting rights, people with knowledge of the matter said. READ MORE  

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Here's how RBI rate hike upsets Modi's election year budget maths   The Reserve Bank of India's first interest rate rise since Prime Minister Narendra Modi came to power could not have come at a worse time for a government grappling with spending constraints, voter discontent in the rural heartlands and rising oil prices.   The rate increase, the first in more than four years, is likely to be followed by one or two more this year, economists predict, pushing up overall borrowing costs for the government and companies alike. READ MORE

MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

After RBI policy, HDFC Bank, Bank of India join others in hiking MCLR   After the Reserve Bank of India (RBI) raised its policy repo rate by 25 basis points (bps) to 6.25 per cent on June 6, some public and private sector banks have followed its lead by hiking the Marginal Cost of Funds Based Lending Rate (MCLR), which is the floor rate at which banks lend.   On Thursday, a day after the RBI announced its monetary policy, HDFC Bank raised its MCLR by 10 bps across all maturities. This was followed by Bank of India, a public sector lender, which too made a similar hike to its MCLR on Friday. READ MORE

First Published: Fri, June 08 2018. 15:30 IST
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MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Sun Pharma surged over 8%, while Dr. Reddy ended nearly 5% higher on the BSE.

Benchmark indices trimmed their morning losses and ended flat on Friday even as yields on the 10-year government bonds hit over 8% in the opening session today, first time since May 2015, but soon declined. The S&P BSE Sensex ended at 35,444, down 19 points while the broader Nifty50 index settled at 10,768, down 1 points. Among individual stocks, Sun Pharma surged over 8%, while Dr. Reddy ended nearly 5% higher on the BSE. Among sectoral indices, the Nifty Pharma index rose 4.26% today led by a rise in the shares of Sun Pharmaceutical Industries, Lupin and Dr. ...

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