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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 

The benchmark indices settled broadly flat on Tuesday amid firm Asian markets. 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. Among sectoral indices, the Nifty Realty index slipped around 2 per cent due to fall in shares of Housing Development and Infrastructure and Unitech. On the other hand, Nifty ...

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

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

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

Nifty sectoral gainers and losers of the day

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

BSE Sensex: Sun Pharma, Axis Bank, COAL India among top gainers of the day, Tata Steel top loser

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

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.

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

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

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

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

India tells state oil firm ONGC to list overseas unit The Indian government has asked its biggest state-owned firm, Oil and Natural Gas, to list its overseas unit ONGC Videsh, according to a letter seen by Reuters.   The move to float the unit - which has investments in 11 producing assets in countries including Russia, Brazil and Iran - is part of a government push to sell state-assets to raise funds. READ MORE

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

Nifty's journey from 1,000 to 11,500 levels: All you need to know As Nifty50 hit a lifetime high of 11,581.75 on Tuesday, it is notable to know that the index hovered around 1,000 levels in back in 2002.   Over these 16 years, the representation in Nifty50 index has undergone a sea change in consonance with the changes in the underlying economy. As new sectors and companies evolved, their stocks found place in the benchmark index. Some, on the other hand, lost relative importance. READ MORE

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

India's GDP brawl could hurt Modi politically and prevent a rupee reset Just as some analysts were starting to believe in a reset for the Indian rupee, with the government becoming more relaxed about letting it weaken, history got in the way.   The history in question is past GDP data, which haven’t been officially released after India reworked its calculation methodology in early 2015. But the report of a subcommittee tasked to suggest ways to link the old and the new GDP series was recently made public. The panel’s calculations suggest growth averaged a tad above 8 per cent in the 10 years through fiscal 2014, compared with 7.4 per cent since then. READ MORE

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

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 38,275.13 -3.62 -0.01   S&P BSE SENSEX 50 12,107.64 +10.64 +0.09   S&P BSE SENSEX Next 50 34,663.00 +257.65 +0.75   S&P BSE 100 11,863.18 +22.09 +0.19   S&P BSE Bharat 22 Index 3,659.77 +4.53 +0.12 (Source: BSE)

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

Top gainers in BSE 500: COMPANY PRICE() CHG() CHG(%) KAJARIA CERAMICS 452.10 38.05 9.19 SUVEN LIFE SCIE. 253.10 21.25 9.17 CESC 1015.65 75.15 7.99 WELSPUN CORP 149.20 8.15 5.78 CUMMINS INDIA 746.75 38.25 5.40 » More on Top Gainers

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 markets. 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. Among sectoral indices, the Nifty Realty index slipped around 2 per cent due to fall in shares of Housing Development and Infrastructure and Unitech. On the other hand, Nifty ...

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