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MARKET WRAP: Sensex ends 114 points higher; Pharma, IT stocks lead up move

Among sectoral indices, the Nifty Pharma index settled 2.1% higher led by a rise in shares of Aurobindo Pharma and Cipla.

SI Reporter  |  New Delhi 

MARKETS LIVE, Nifty, Sensex, US, China, Trade wars, Trade tensions, Asia

Nifty Pharma index ends 2.10% higher. Top losers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) KPIT TECH. 279.00 273.30 5.70 2.09 TATA ELXSI 1366.50 1343.75 22.75 1.69 INFOSYS 1353.75 1334.70 19.05 1.43 MINDTREE 1004.55 991.15 13.40 1.35 HCL TECHNOLOGIES 937.50 926.10 11.40 1.23 Nifty sectoral performers of the day BSE Sensex: Sun Pharma, Maruti Suzuki among top gainers of the day, Vedanta top loser Market at close   The S&P BSE Sensex ended at 35,379, up 114 points while the broader Nifty50 index settled at 10,700, up 43 points. Pharma exports see double digit growth after a gap of three years After a gap of three years Indian pharmaceutical exports are seeing a double digit growth in value terms starting this financial year, driven by a surge in exports across all the major destinations in the world, according to Pharmaceutical Export Promotion Council (Pharmexcil). READ MORE Gold maintains downtrend on weak global cues, muted demand Gold prices went down by Rs 40 to Rs 31,360 per ten grams driven by a weak trend overseas amid fall in demand from local jewellers. Silver followed suit and shed Rs 50 to Rs 40,300 per kg due to reduced offtake by industrial units and coin makers. READ MORE

The ended higher on Tuesday despite weakness in their Asian peers.

The S&P BSE ended at 35,379, up 114 points while the broader Nifty50 index settled at 10,700, up 43 points.

Among sectoral indices, the Pharma index settled 2.1% higher led by a rise in shares of Aurobindo Pharma and Cipla. The IT index too, ended over 1% higher led by a rise in KPIT Technologies and Tata Elxsi.

On the BSE, Sun Pharmaceutical Industries and Maruti Suzuki India were the top gainers in the BSE Sensex, gaining 1.79% and 1.72% respectively.

GLOBAL MARKETS

Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity in Asia, which sank to nine-month lows amid heightened anxiety a bitter trade dispute between the United States and major economies could derail global growth.

Pacific MSCI index ex-Japan tumbled as much as 1.4 per cent to its lowest since September 29, before cutting some of the losses to be down 0.5 per cent. Japan's Nikkei average also recovered from a 0.9 per cent fall and was last off 0.1 per cent to a near three-month closing low.

In China, the Hong Kong's Hang Seng index dived as much as 3.3 per cent to its lowest level in ten months, while the Shanghai Composite Index shed as much as 1.9 per cent to hit a fresh 28 month low. The Hong Kong market remained choppy and was last down 1.9 per cent, while the Shanghai bourse edged up 0.05 per cent.

(With Reuters inputs)

First Published: Tue, July 03 2018. 08:15 IST
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MARKET WRAP: Sensex ends 114 points higher; Pharma, IT stocks lead up move

Among sectoral indices, the Nifty Pharma index settled 2.1% higher led by a rise in shares of Aurobindo Pharma and Cipla.

The ended higher on Tuesday despite weakness in their Asian peers.

The S&P BSE ended at 35,379, up 114 points while the broader Nifty50 index settled at 10,700, up 43 points.

Among sectoral indices, the Pharma index settled 2.1% higher led by a rise in shares of Aurobindo Pharma and Cipla. The IT index too, ended over 1% higher led by a rise in KPIT Technologies and Tata Elxsi.

On the BSE, Sun Pharmaceutical Industries and Maruti Suzuki India were the top gainers in the BSE Sensex, gaining 1.79% and 1.72% respectively.

GLOBAL MARKETS

Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity in Asia, which sank to nine-month lows amid heightened anxiety a bitter trade dispute between the United States and major economies could derail global growth.

Pacific MSCI index ex-Japan tumbled as much as 1.4 per cent to its lowest since September 29, before cutting some of the losses to be down 0.5 per cent. Japan's Nikkei average also recovered from a 0.9 per cent fall and was last off 0.1 per cent to a near three-month closing low.

In China, the Hong Kong's Hang Seng index dived as much as 3.3 per cent to its lowest level in ten months, while the Shanghai Composite Index shed as much as 1.9 per cent to hit a fresh 28 month low. The Hong Kong market remained choppy and was last down 1.9 per cent, while the Shanghai bourse edged up 0.05 per cent.

(With Reuters inputs)

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