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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.

SI Reporter  |  New Delhi 

markets, sebi

The benchmark indices ended higher on Thursday as the pared some of its intra-day losses and recovered after hitting a new all-time low.

The S&P BSE ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.

Among sectoral indices, 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.

hits 72/$

Earlier in the day, the Indian breached the crucial 72 to the dollar mark, extending losses as a rout in emerging 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 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)

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

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

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

Nifty sectoral gainers and losers of the day

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

BSE Sensex: RIL, Coal India, Sun Pharma among top gainers of the day

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

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.

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

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

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

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

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

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

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

Top gainers in BSE 500: 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 » More on Top Gainers

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

NEWS ALERT Telangana Assembly dissolved: Governor E S L Narasimhan accepts recommendation of Cabinet;  K Chandrashekar Rao to continue as caretaker Chief Minister

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

NEWS ALERT Telangana assembly dissolved: Chief Minister K Chandrashekar Rao reaches Governor's house to submit resignation

MARKET WRAP: Sensex rises 224 pts, Nifty ends at 11,537; RIL, pharma cos up

With RBI's policy rate hike, housing finance firms to face tough time With the Reserve Bank of India expected to further raise its policy rate (up 50 basis points thus far in FY19) amid macro hiccups, some non-banking finance companies might pass these on.   However, housing finance companies (HFCs) are expected to find this difficult, given stiff competition in their segment. READ MORE

First Published: Thu, September 06 2018. 08:08 IST
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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.

The benchmark indices ended higher on Thursday as the pared some of its intra-day losses and recovered after hitting a new all-time low.

The S&P BSE ended at 38,243, up 224 points while the broader Nifty50 index settled at 11,537, up 60 points.

Among sectoral indices, 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.

hits 72/$

Earlier in the day, the Indian breached the crucial 72 to the dollar mark, extending losses as a rout in emerging 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 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)

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