Sensex closes up 207 pts as Reliance Industries, Sun Pharma stocks shine; rupee plunges to 70 vs dollar
The Indian equity market today opened on a positive note after data suggested wholesale inflation has come down to 5.09 percent in July from 5.77 percent. The S&P BSE Sensex ended at 37,852, up 207 points while the broader Nifty50 index settled at 11,435, up 79 point
The Indian equity market today opened on a positive note after data suggested wholesale inflation has come down to 5.09 percent in July from 5.77 percent. The S&P BSE Sensex ended at 37,852, up 207 points while the broader Nifty50 index settled at 11,435, up 79 point. The BSE Sensex hit the day's high of 37932.40 points, over previous day's closing of 37644.90 points. NSE's benchmark Nifty index too traded 80 points higher during afternoon trade.
The Sensex oscillated between 37932.40 points and 37689.71 points during the day. Sun Pharma, YES Bank, Lupin, Cipla, and UltraTech Cement were the best performers on Nifty50. On the other hand, UPL, Adani Ports, HeroMotoCorp, Bharti Airtel, and Hindustan Petroleum weighed on bourses.
The overall market was mostly positive as in the Nifty50 index, 30 scrips marched forward, while 20 were in the negative territory, even as Turkey crisis loomed large. However, Turkish lira recovered some of its losses today. Healthy buying activity was witnessed in banking, auto and IT stocks.
However, the weakness in the Indian rupee limited the gains on the indices as it touched an all-time low of 70.08 against dollar. While Nifty Pharma gained over 3 percent led by Sun Pharmaceutical, Nifty IT index ended nearly 1 percent up. The Nifty Realty index closed nearly 2 percent led by DLF and Housing Development and Infrastructure.
Sun Pharma surged nearly 7 percent to end at Rs 601.65, Reliance Industries rose 2 percent to Rs 1,210.95 on the BSE.
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