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

RTTNews | 645 दिनों पहले
Sensex, Nifty End Marginally Up As Stocks Rally On Late Buying

(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.

read more
Sensex, Nifty Tumble Amid Rising Geopolitical Tensions

Sensex, Nifty Tumble Amid Rising Geopolitical Tensions

Indian shares tumbled on Friday to extend steep losses from the previous session as tariff uncertainties and heightened geopolitical tensions dented investors' appetite for risk.
RTTNews | 39 मिनटों पहले
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 1घंटे 39 मिनट पहले
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | 1घंटे 57 मिनट पहले
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | 3घंटे 4 मिनट पहले
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | 3घंटे 34 मिनट पहले
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3घंटे 35 मिनट पहले
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 3घंटे 49 मिनट पहले