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

RTTNews | 643天前
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
Pound Slides On Weak U.K. Employment Data

Pound Slides On Weak U.K. Employment Data

The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
RTTNews | 24分钟前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Tuesday.
RTTNews | 45分钟前
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 2小时37分钟前
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.
RTTNews | 3小时34分钟前
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | 4小时22分钟前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | 5小时3分钟前