Sensex Clocks Best Weekly Gain Since Jan; Nifty Ends Above 11,000
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Sensex Clocks Best Weekly Gain Since Jan; Nifty Closes Above 11,000
Indian equity benchmark Sensex registered its best weekly gains in nearly six months, while the NSE Nifty 50 Index clocked its best weekly gains in over a year.
The 31-stock Index closed a little changed at 36,541.63, while the 50-stock Index closed above 11,000.
The market breadth tilted in favour of sellers. Nine out of 11 sectoral gauges compiled by NSE fell, led by NSE Nifty Media Index’s 3.5 percent decline. On the flipside, NSE Nifty IT Index was the top sectoral gainer, up 0.2 percent.
Prestige Estates Struggles After Block Deal
- Prestige Estates has 37 lakh shares change hands in a block on BSE. Stock down 3.8 percent at Rs 263.20.
Buyers and sellers were not immediately known
Multiplex Operators Fall On Report That Maharashtra Allows People To Carry Their Own Food
Shares of multiplex operators fell after media reports suggested that a minister in Maharashtra government has said that people can carry their own food to cinema halls starting August 1.
- PVR falls 11 percent to Rs 1,337
- Inox Leisure declines Rs 238
- Eros International drops 4.6 percent
- Mukta Arts slips 5 percent
Stocks Climb As Trade Tensions Ease; Pound Drops
European stocks climbed and U.S. index futures pointed to a higher open as trade tensions appeared to ease after China refrained from detailing retaliation plans against the Trump administration’s threatened tariffs. The pound fell as the Brexit quagmire deepened.
Marico Surges To Record High As Copra Prices Fall
Shares of the Mumbai-based household products maker rose as much as 4.37 percent, the most in over two months, to record high of Rs 366.25.
Price of its key raw material copra have fallen 20 percent from February.