Stock market update: Nifty Pharma index advances 0.83%
ADVERTISEMENT Shares of Mankind Pharma Ltd.(up 4.59 per cent), Laurus Labs Ltd.(up 4.26 per cent), Granules India Ltd.(up 3.58 per cent), Torrent Pharmaceuticals Ltd.(up 2.74 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 1.83 per cent) ended the day as top gainers in the pack.
On the other hand, Zydus Lifesciences Ltd.(down 1.14 per cent), Divi's Laboratories Ltd.(down 0.83 per cent), Abbott India Ltd.(down 0.37 per cent), Dr. Reddy's Laboratories Ltd.(down 0.33 per cent) and Cipla Ltd.(down 0.07 per cent) finished as the top losers of the day.
The Nifty Pharma index closed 0.83 per cent up at 22410.35. Benchmark NSE Nifty50 index ended down 67.55 points at 25082.3, while the BSE Sensex stood down 247.01 points at 82253.46. Among the 50 stocks in the Nifty index, 22 ended in the green, while 28 closed in the red.
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Shares of JP Power, Vodafone Idea, Ola Electric Mobilit, RattanIndia Power and YES Bank were among the most traded shares on the NSE.
Shares of JP Power, Anand Rathi Wealth, Soma Textiles, Faze Three Ltd and Allied Blenders hit their fresh 52-week highs in today's trade, while SKIL Infrastructure, Picturepost Studios, Marshall Machines, Capital Trust and Magnum Ventures hit their fresh 52-week lows.
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Economic Times
17 minutes ago
- Economic Times
Market Wrap: Sensex jumps 317 points, Nifty reclaims 25,150 as cooling inflation breaks 4-day D-Street slide
Sectoral Watch Live Events Expert Views Global Markets Crude Impact Rupee vs Dollar (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian benchmark Sensex and Nifty indices rebounded on Tuesday, snapping a four-day losing streak, as a softer-than-expected domestic inflation print buoyed market sentiment. Gains were seen across most sectors, although a weak margin outlook from HCL Tech tempered the overall Sensex rose 317.45 points, or 0.39%, to close at 82,570.91 while the Nifty 50 gained 113.50 points, or 0.45%, to settle at 25,195.80. The rebound follows a sharp pullback over the previous four sessions, during which both indices had shed nearly 1.7%.The market capitalization of all listed companies on the BSE increased by Rs 1.77 lakh crore to Rs 460.37 lakh of Sun Pharma Bajaj Finserv , Mahindra & Mahindra, and Bajaj Finance were among the top gainers on the Sensex, rising between 1% and 2.7%.All key sectoral indices ended higher on the day, with broad-based participation extending to the broader markets, both the Nifty Midcap 100 and Nifty Smallcap 100 indices advanced around 1% annual retail inflation eased to a more than six-year low of 2.10% in June, hovering near the lower end of the Reserve Bank of India's target range. The sharp decline, driven by softening food prices, has strengthened the case for potential interest rate are now focused on the U.S. inflation data, due later in the day, for cues on the Federal Reserve's rate individual stocks, Sun Pharma jumped 2.7% following expectations that its newly launched anti-baldness drug, Leqselvi, in the U.S. would support sales growth. Yes Bank surged 2.4% after Bloomberg reported that Japan's Sumitomo Mitsui Financial Group is in talks to invest $1.1 billion in the lender for an additional 5% the downside, HCL Tech slipped 3.3%, making it the worst performer on both the Nifty 50 and among IT peers, after the company posted weaker-than-expected quarterly earnings and cut its full-year margin sentiment is showing signs of improvement, supported by a blend of global and domestic developments and optimism is growing around the possibility of an interim trade agreement with the U.S., which could lead to a moderation in tariff-related risks, said Vinod Nair, Head of Research, Geojit drew comfort from the further easing of CPI inflation, which triggered notable buying in rate-sensitive sectors in hopes of a potential rate cut, said Ajit Mishra, SVP, Research at Religare Broking."However, continued disappointment from the IT space, following HCL Technologies' results, capped overall momentum. With the hurdle at the short-term moving average (20 DEMA) near 25,250 still intact, we suggest maintaining a cautious stance on the index and adopting a selective approach on the sectoral front," said equities advanced on Tuesday as investors entered a pivotal week for U.S. earnings, inflation data, and trade developments with cautious optimism.U.S. President Donald Trump over the weekend threatened to impose 30% tariffs on the EU and Mexico from August 1, up from the 20% proposed in April. However, markets found some relief after Trump signaled openness to further negotiations before the levies take world share index edged up 0.16%, nearing last week's record highs. Europe's STOXX 600 rose 0.2%, lagging behind Asia-Pacific markets, where MSCI's ex-Japan index climbed 1%. Nasdaq futures gained 0.6% after Nvidia announced plans to resume sales of its H20 chips in Asia, China's economy showed better-than-expected resilience in Q2 despite U.S. trade commodities, gold rose 0.5% to $3,361 per ounce, while silver added 0.3% to $38.25 after hitting its highest level since September prices held steady on Tuesday as U.S. President Donald Trump's 50-day ultimatum for Russia to end the war in Ukraine and avoid further sanctions helped ease immediate concerns over supply crude inched up 8 cents, or 0.12%, to $69.29 a barrel by 0931 GMT, while U.S. West Texas Intermediate (WTI) rose 3 cents, or 0.04%, to $ Indian rupee strengthened 0.2% on Tuesday to close at 85.81 against the U.S. dollar, supported by gains in most Asian currencies as the dollar weakened ahead of a key U.S. inflation report expected to offer clues on the Federal Reserve's policy dollar index, which measures the greenback against six major currencies, slipped 0.11% to 97.97.(With inputs from agencies)


Mint
18 minutes ago
- Mint
Stock markets cut short four-day decline; Sensex rises 317 pts on gains in auto, pharma shares
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Time of India
20 minutes ago
- Time of India
Stocks Surged updates: Sensex rises! These stocks surged over 5% on BSE
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