Sensex, Nifty End Marginally Up As Stocks Rally On Late Buying

RTTNews | vor 642 Tagen

(RTTNews) - Indian benchmark stock indices Sensex and the Nifty50 ended marginally up on Wednesday, gaining for a fourth straight day, despite staying week for much of the day's trading session.

After a flat start and a subsequent marginal uptick, the market turned easy and then slipped a bit deeper into the red around mid afternoon before recovering gradually to settle slightly above the flat line.

The mood remained cautious amid lingering worries about global economic slowdown after recent data showed a contraction in China's services sector growth and a decline in Euro area business sentiment.

Global cues were weak as well, with Wall Street closing on a negative note overnight, and Asian stocks turning in a lackluster performance today.

The S&P BSE Sensex ended with a gain of 100.26 points or 0.15% at 65,880.52 after scaling a low of 65,488.03 and a high of 65,971.13 intraday. The broader Nifty50 of the National Stock Exchange, which rallied to 19,636.45 from a low of 19,491.50, settled at 19,611.05, gaining 36.15 points or 0.18%.

FMCG, pharmaceuticals and oil stocks gained ground in positive territory, contributing significantly to the positive close.

Petronet surged nearly 7%. Castrol India and MGL both gained about 3.85%. IGL, ATGL, Gujarat Gas and GSPL gained 1 to 2%.

Pharmaceuticals shares Torrent Pharma, Lupin, Divi's Laboratories, Lalpath Labs, Aurbindo Pharma, Cipla, Metropolis and Abbot India gained 1.2 to 2.5%. Syngene International Limited shares climbed nearly 4%.

Tata Consumer Products, up 4.1%, was the top gainer in the FMCG sector. Radico Khaitan and McDowell gained 2.8% and 2.5%, respectively. PGHH, Colgate Palmolive, Emami, Britannia Industries, Marico and ITC also ended notably higher.

Jio Financial Services ended nearly 1% down as stocks is getting excluded from the Nifty50 and other NSE indices effective from 7 September.

Union Bank of India declined more than 2%. Bank of Baroda ended marginally down. The Indian Renewable Energy Development Agency has signed an MoU with Union Bank of India and Bank of Baroda to co-finance renewable energy projects.

Ind-Swift Laboratories hit the 20% upper circuit after the company's board approved the slump sale of Active Pharmaceutical Ingredients and CRAMS Business of the company to Synthimed Labs for an enterprise value of Rs 1,650 crore.

The market breadth was positive. On BSE, 1,955 stocks moved higher, and 1,682 stocks declined, while 154 stocks ended flat.

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | vor 35 Minuten

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | vor 1Std 3 Minuten

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | vor 4Std 50 Minuten

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | vor 6Std 42 Minuten

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | vor 7Std 53 Minuten

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | vor 8Std 15 Minuten

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | vor 8Std 35 Minuten

Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | vor 8Std 45 Minuten

EURUSD	1.14253	GBPUSD	1.35616	AUDUSD	0.65242
USDJPY	144.537	USDCAD	1.36786	USDCHF	0.82135

Advertisement

Sensex, Nifty End Marginally Up As Stocks Rally On Late Buying