Market Live: Pharma, IT & banks push indices higher; Sensex up 100 points, Nifty around 10,850.
All sectoral indices are trading in the green, with sharp gains seen in pharmaceuticals, IT and PSU banking space. The midcap index is trading higher by almost half a percent.
Market Check: Equity benchmarks have given up almost all of their gains from first few minutes. The Nifty is hovering around 10,850-mark. Gains are visible among frontline IT, pharma and PSU banking names while metals and infra see some weakness. The Midcap index has also shaved off some part of its gains.
Market Check: Equity benchmarks have given up almost all of their gains from first few minutes. The Nifty is hovering around 10,850-mark. Gains are visible among frontline IT, pharma and PSU banking names while metals and infra see some weakness. The Midcap index has also shaved off some part of its gains.
Click here To know about the Best Stock Advisory India
Dr Reddy’s Labs and Lupin are among the top gainers, while Bharti Airtel, Tata Steel and Indiabulls Housing were the top losers. Among other stocks, Sun Pharma is up 3 percent after it received an establishment inspection report from US FDA for its Halol plant, while TCS is trading higher by 2 percent after it said a buyback proposal is on the cards. Page Industries, too, gained 3 percent after it said that its licensing agreement with Jockey International was extended to December 31, 2040.
Share price of Sun Pharmaceutical Industries added 3 percent in the opening trade on Wednesday as company received EIR from USFDA for its Halol facility.
The company has received the EIR (establishment inspection report) from the USFDA for the inspection conducted at its Halol facility (Gujarat, India) during the period February 12-23, 2018.
The agency concluded that the inspection is now closed and the issues contained in the warning letter issued in December 2015 have been addressed, company said in release.
Market Opens: Shares have started on a good note, with the Sensex rising over 100 point, while the Nifty is well above 10,850-mark.
All sectoral indices are trading in the green, with sharp gains seen in pharmaceuticals, IT and PSU banking space. The midcap index is trading higher by almost half a percent.
The Sensex is up 144.22 points or 0.40% at 35836.74, while the Nifty is up 31.10 points or 0.29% at 10874.00. The market breadth is positive as 314 shares advanced, against a decline of 144 shares, while 46 shares were unchanged.
Shares of Sun Pharma and TCS are the top gainers, while Airtel, Kotak Mahindra, and Zee Entertainment are the top losers.
Rupee Update: The Indian rupee opened lower by 12 paise at 67.60 per dollar on Wednesday against previous close 67.48.
Click here to get Free Commodity Tips
The company has received the EIR (establishment inspection report) from the USFDA for the inspection conducted at its Halol facility (Gujarat, India) during the period February 12-23, 2018.
The agency concluded that the inspection is now closed and the issues contained in the warning letter issued in December 2015 have been addressed, company said in release.
Market Opens: Shares have started on a good note, with the Sensex rising over 100 point, while the Nifty is well above 10,850-mark.
All sectoral indices are trading in the green, with sharp gains seen in pharmaceuticals, IT and PSU banking space. The midcap index is trading higher by almost half a percent.
The Sensex is up 144.22 points or 0.40% at 35836.74, while the Nifty is up 31.10 points or 0.29% at 10874.00. The market breadth is positive as 314 shares advanced, against a decline of 144 shares, while 46 shares were unchanged.
Shares of Sun Pharma and TCS are the top gainers, while Airtel, Kotak Mahindra, and Zee Entertainment are the top losers.
Rupee Update: The Indian rupee opened lower by 12 paise at 67.60 per dollar on Wednesday against previous close 67.48.
Click here to get Free Commodity Tips
Volatility for the USD-INR pair was confined to a narrow range in the past few sessions, but today is expected to open higher at 67.70 levels following weaker-than-expected economic numbers on the domestic front. Data released by CSO showed India’s inflation in May rose 4.87% compared to 4.53% in the previous month on back of higher fuel prices, said Motilal Oswal.
The central bank recently forecast retail inflation at 4.7% in October-March period, “with risks tilted to the upside”. On the other hand, India’s industrial production number for April rose 4.9% compared to estimates of 5.2%. Today, USD-INR pair is expected to to quote in the range of 67.45 and 67.80-67.95, it added
The central bank recently forecast retail inflation at 4.7% in October-March period, “with risks tilted to the upside”. On the other hand, India’s industrial production number for April rose 4.9% compared to estimates of 5.2%. Today, USD-INR pair is expected to to quote in the range of 67.45 and 67.80-67.95, it added
-------------------------------------------------------------------------------------------------------------------------
For More Information regarding Stock market news updates & Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.
No comments:
Post a Comment