MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up
Among sectoral indices, Nifty Pharma index settled 2.7 per cent higher led by Aurobindo Pharma and Biocon.
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The benchmark indices ended higher on Thursday as the rupee pared some of its intra-day losses and recovered after hitting a new all-time low.
The S&P BSE Sensex ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.
Among sectoral indices, Nifty Pharma index settled 2.7 per cent higher led by Aurobindo Pharma and Biocon.
In individual stocks Reliance Industries (RIL) rose 2.7 per cent higher to end the day at Rs 1,259 on the BSE.
Rupee hits 72/$
The S&P BSE Sensex ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.
Among sectoral indices, Nifty Pharma index settled 2.7 per cent higher led by Aurobindo Pharma and Biocon.
In individual stocks Reliance Industries (RIL) rose 2.7 per cent higher to end the day at Rs 1,259 on the BSE.
Rupee hits 72/$
Earlier in the day, the Indian rupee breached the crucial 72 to the dollar mark, extending losses as a rout in emerging markets kept investors on edge. The rupee fell to a record low of 72.11 to the dollar at one point, with strong bids for dollars coming after 70 was hit, traders said. READ MORE
Global Markets
Asian shares skidded for a sixth straight session on Thursday, oil slipped and safe-haven gold gained with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the US-China trade war.
Asian shares skidded for a sixth straight session on Thursday, oil slipped and safe-haven gold gained with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the US-China trade war.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped more than 1 per cent to hit a one-year trough of 515.24 points. Japan's Nikkei slipped 0.4 per cent while Australian shares faltered 1.1 per cent. China's blue-chip index fell 1.2 per cent while Hong Kong's Hang Seng index stumbled 1.5 per cent.
(with Reuters inputs)
3:40 PM
Nifty Pharma index ends 2.72% higher. Top gainers:
| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) |
| AUROBINDO PHARMA | 759.30 | 696.95 | 62.35 | 8.95 |
| BIOCON | 662.95 | 624.05 | 38.90 | 6.23 |
| CADILA HEALTH. | 422.35 | 401.95 | 20.40 | 5.08 |
| DIVI'S LAB. | 1317.00 | 1278.05 | 38.95 | 3.05 |
| CIPLA | 662.10 | 646.55 | 15.55 | 2.41 |
3:37 PM
Nifty sectoral gainers and losers of the day
3:35 PM
BSE Sensex: RIL, Coal India, Sun Pharma among top gainers of the day
3:32 PM
Market at close
The S&P BSE Sensex ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.
The S&P BSE Sensex ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.
3:16 PM
Sun Pharma, Glenmark Pharma, Hikal hit 52-week highs; Aurobindo surges 8%
Shares of pharmaceutical companies were back in focus with Sun Pharmaceutical Industries and Glenmark Pharmaceuticals hitting their respective 52-week highs on the National Stock Exchange (NSE).
Aurobindo Pharma has rallied 8%, while Biocon, Divi’s Laboratories, Cadila Healthcare and Cipla from the Nifty Pharma index gained in the range of 2.5% to 4% on the NSE. READ MORE
3:02 PM
Wipro gains for seventh straight trading day; stock up 16% in one month
Shares of Wipro were up for the seventh straight day, rising to Rs 322, up 1% on the BSE. In past three trading days, the stock has risen 4% after the information technology (IT) services firm on Sunday announced that it has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC. The stock hit a high of Rs 328 during intra-day trade on Monday, September 3, 2018. READ MORE
2:46 PM
JPMorgan, BlackRock warn contagion hitting emerging markets
First came the Argentine selloff. Then Turkey. And before long, assets from South Africa to Brazil and Indonesia were getting hit in a selling stampede across emerging markets.
It’s a phenomenon that has a cadre of investors and strategists from JPMorgan Chase & Co to BlackRock Inc reaching for a single word: contagion. READ MORE
2:33 PM
Top gainers in BSE 500:
» More on Top Gainers
| COMPANY | PRICE() | CHG() | CHG(%) |
| H U D C O | 59.95 | 4.30 | 7.73 |
| AUROBINDO PHARMA | 747.90 | 51.80 | 7.44 |
| GRANULES INDIA | 120.70 | 8.05 | 7.15 |
| KIRLOSKAR OIL | 270.45 | 12.85 | 4.99 |
| TORRENT POWER | 261.00 | 12.35 | 4.97 |
2:22 PM
NEWS ALERT Telangana Assembly dissolved: Governor E S L Narasimhan accepts recommendation of Cabinet; K Chandrashekar Rao to continue as caretaker Chief Minister
2:21 PM
NEWS ALERT Telangana assembly dissolved: Chief Minister K Chandrashekar Rao reaches Governor's house to submit resignation
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First Published: Sep 06 2018 | 8:08 AM IST