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MARKET WRAP: Indices end at new closing highs, Nifty at 11571; pharma gains

Among sectoral indices, Nifty Pharma index was the lead gainer, rising over 1.5 per cent led by Glenmark Pharmaceuticals and Piramal Enterprises.

SI Reporter  |  New Delhi 

SMEs, banks, foreign exchange, markets, forex, small and medium price industries,

Nifty Pharma index ends 1.54% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) GLENMARK PHARMA. 638.30 608.20 30.10 4.95 PIRAMAL ENTERP. 2842.00 2771.80 70.20 2.53 CADILA HEALTH. 386.90 377.45 9.45 2.50 LUPIN 889.20 869.25 19.95 2.30 SUN PHARMA.INDS. 634.90 626.35 8.55 1.37 Nifty sectoral gainers and losers of the day BSE Sensex: Sun Pharma, Axis Bank, COAL India among top gainers of the day, Tata Steel top loser Market at close The S&P BSE Sensex settled at a fresh record closing high of 38,286, up 7 points, while the broader Nifty 50 index closed at a new high of 11,571, up 19 points. In intra-day deals, the S&P BSE Sensex hit a new all-time high of 38,402.96. The Nifty50 index, on the other hand, touched its record high level of 11,581.75. Gold at 1-week high as Trump remarks on Fed weigh on dollar Gold prices on Tuesday climbed to a one-week high on the back of a weaker dollar, after US President Donald Trump said he was "not thrilled" with the Federal Reserve for raising interest rates.   Spot gold rose 0.4 per cent to $1,194.81 an ounce, after touching $1,196.27 earlier, the highest level since Aug. 14. US gold futures climbed 0.5 per cent to $1,200.60 an ounce. READ MORE Gold Loans for Indian firms may get costlier as foreign banks turn selective Indian firms have enjoyed the cheapest foreign-currency loan costs in more than a decade but may find the tides turning as banks become more selective. READ MORE

The benchmark indices settled broadly flat on Tuesday amid firm Asian

The S&P BSE settled at a fresh record closing high of 38,286, up 7 points, while the broader 50 index closed at a new high of 11,571, up 19 points. In intra-day deals, the S&P BSE hit a new all-time high of 38,402.96. The Nifty50 index, on the other hand, touched its record high level of 11,581.75.

Among sectoral indices, the Realty index slipped around 2 per cent due to fall in shares of Housing Development and Infrastructure and Unitech. On the other hand, Pharma index was the lead gainer, rising over 1.5 per cent led by Glenmark Pharmaceuticals and Piramal Enterprises.

Rupee
 
rose to its highest in a week on Tuesday tracking Asian currencies after President Donald Trump said in interview to Reuters that he was "not thrilled" with the Federal Reserve's interest rate hikes.

Global Markets

Asian stocks rose on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the president about the yuan and Federal Reserve policy capped gains and weighed on the

In an interview with Reuters on Monday, President Donald Trump said that China was manipulating its currency to make up for having to pay tariffs imposed by Washington on some imports from China. This kept global trade conflict concerns alive and dented some of the market optimism ahead of upcoming US-China trade talks.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 per cent. Australian stocks lost 1 per cent, South Korea's KOSPI gained 0.95 per cent and Japan's Nikkei advanced 0.2 per cent. Chinese shares rose, with the Shanghai Composite Index climbing more than 1 per cent, helped by bargain hunting of consumer and healthcare firms after their recent slump.
(with Reuters inputs)

First Published: Tue, August 21 2018. 08:15 IST
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MARKET WRAP: Indices end at new closing highs, Nifty at 11571; pharma gains

Among sectoral indices, Nifty Pharma index was the lead gainer, rising over 1.5 per cent led by Glenmark Pharmaceuticals and Piramal Enterprises.

The benchmark indices settled broadly flat on Tuesday amid firm Asian

The S&P BSE settled at a fresh record closing high of 38,286, up 7 points, while the broader 50 index closed at a new high of 11,571, up 19 points. In intra-day deals, the S&P BSE hit a new all-time high of 38,402.96. The Nifty50 index, on the other hand, touched its record high level of 11,581.75.

Among sectoral indices, the Realty index slipped around 2 per cent due to fall in shares of Housing Development and Infrastructure and Unitech. On the other hand, Pharma index was the lead gainer, rising over 1.5 per cent led by Glenmark Pharmaceuticals and Piramal Enterprises.

Rupee
 
rose to its highest in a week on Tuesday tracking Asian currencies after President Donald Trump said in interview to Reuters that he was "not thrilled" with the Federal Reserve's interest rate hikes.

Global Markets

Asian stocks rose on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the president about the yuan and Federal Reserve policy capped gains and weighed on the

In an interview with Reuters on Monday, President Donald Trump said that China was manipulating its currency to make up for having to pay tariffs imposed by Washington on some imports from China. This kept global trade conflict concerns alive and dented some of the market optimism ahead of upcoming US-China trade talks.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 per cent. Australian stocks lost 1 per cent, South Korea's KOSPI gained 0.95 per cent and Japan's Nikkei advanced 0.2 per cent. Chinese shares rose, with the Shanghai Composite Index climbing more than 1 per cent, helped by bargain hunting of consumer and healthcare firms after their recent slump.
(with Reuters inputs)

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