3 days ago
Sensex ends 304 points higher, Nifty above 24,600; pharma stocks lead gains
Benchmark indices closed higher on Wednesday, buoyed by strong gains in pharma stocks following robust Q1 results from Apollo S&P BSE Sensex rose 304.32 points to 80,539.91, while the NSE Nifty50 added 131.95 points, finishing at 24,619.35. Broader market indices also ended the session in the green, as investor sentiment was lifted by favourable inflation data from both India and the Nair, Head of Research at Geojit Investments Limited, said, 'Indian equities experienced broad-based optimism as CPI hit an eight-year low, boosting hopes for a revival in discretionary spending, led by autos and metals. Midcaps outperformed, reflecting strong investor appetite."
"Globally, sentiment improved on the extension of China's tariff deadline and easing oil prices. Despite uncertainties around Trump's trade stance and global risks, India's growth-inflation dynamics remain favourable for FY26 with risk to marginal downgrade based on tariff updates," he also said that India is looking forward to the Trump-Putin meet on August 15, and investors on Dalal Street are awaiting a positive outcome.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch
