Sensex Closes Above 40,000, Nifty At 12,088 For First Time
Closing Bell: Sensex Closes Above 40,000, Nifty At 12,088 For First Time
Indian equity benchmarks ended at record highs, led by the gains in Reliance Industries Ltd. and HDFC twins.
The S&P BSE Sensex ended 553 points or 1.39 percent higher to closed above 40,250 and the NSE Nifty 50 ended near 12,100, up 1.39 percent. The broader market index represented by the NSE Nifty 500 Index closed 1.2 percent higher.
The market breadth, however, was tilted in favour of sellers. About 892 stocks declined and 865 shares advanced on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Auto Index’s 1.87 percent gain. On the flipside, the NSE Nifty Media Index was the only sectoral loser, down 0.27 percent.
U.S. FDA Concludes Inspection At Cadila Healthcare’s Nesher Pharma
The U.S. drug regulator today concluded its inspection at Cadila Healthcare’s subsidiary— Nesher Pharmaceuticals at St. Louis, Missouri, U.S.A with three observations at one facility and eight observations at the other facility of Nesher Pharmaceuticals with a recommendation for ‘Voluntary Action Indicated’, according to its stock exchange filing.
“The Company is confident of addressing these observations and responding to the U.S. FDA at the earliest,” the statement added.
Stocks Moving On Heavy Volumes
- Stock rose as much as 6.7 percent to Rs 758.
- Trading volume was more than 17 times its 20-day average.
- Stock rose as much as 10.5 percent to Rs 1,368.
- Trading volume was more than 10 times its 20-day average.
GlaxosmithKline Consumer Healthcare
- Stock rose as much as 3.5 percent to Rs 7,654.
- Trading volume was almost six times its 20-day average.
Page Industries Jumps The Most In Over Six Months
Shares of Page Industries extended gains for the second consecutive trading session and rose as much as 7.3 percent, the most since Nov. 30, 2018, to Rs 21,200.
Trading volume was more than double its 20-day average, Bloomberg data showed. Of the shres traded, 51 percent were at the ask price and 31 percent were at the bid.
Money Market Update: Rupee At Day’s High
The Indian rupee is trading at day’s high. The home currency appreciated as much as 0.6 percent to 69.28 against the greenback against the U.S. dollar.