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Equity indices trade lower on profit-booking, Sun Pharma top loser

Video Credit: ANI - Duration: 01:14s - Published
Equity indices trade lower on profit-booking, Sun Pharma top loser

Equity indices trade lower on profit-booking, Sun Pharma top loser

Equity benchmark indices traded lower during early hours on Thursday as traders booked profit across counters, a day after the US Federal Reserve said that it sees interest rates near zero through 2022.

On the economy front, Standard and Poor's affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy.

India's long-term rating was affirmed at BBB-minus with a stable outlook while the short-term rating was held at A3.

At 10:15 am, the BSE SandP Sensex was down by 80 points or 0.23 per cent at 34,167 while the Nifty 50 edged lower by 23 points or 0.23 per cent at 10,093.

Sectoral indices at the National Stock Exchange were mixed.

Among stocks, Sun Pharma lost by 2.5 per cent to Rs 486.45 per share.

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Sun Pharma Sun Pharma Indian multinational pharmaceutical company

Equity indices dip on weak global cues, pharma stocks hit [Video]

Equity indices dip on weak global cues, pharma stocks hit

Equity benchmark indices drifted lower during early hours on Wednesday amid weak global cues with pharma stocks losing the most. At 10:15 am, the BSE SandP Sensex was down by 181 points or 0.47 per cent at 38,226 while the Nifty 50 lost by 54 points or 0.48 per cent at 11,269. Sectoral indices at the National Stock Exchange were mixed with Nifty pharma slipping by 1.8 per cent, private bank by 0.7 per cent and IT by 0.6 per cent. But Nifty PSU bank gained by 3.5 per cent. Among stocks, Cipla fell by 1.9 per cent to Rs 762.65 per share while Sun Pharma was down by 2 per cent and Dr Reddy's by 1.3 per cent. The others which lost were Hindalco, Bajaj Finance, Kotak Mahindra Bank, Wipro and GAIL.

Credit: ANI    Duration: 01:11Published
Equity indices close in the green, Cipla gains 9.5 pc [Video]

Equity indices close in the green, Cipla gains 9.5 pc

Equity benchmark indices shaved off early gains but ended in the positive terrain on Monday with pharma stocks leading the rally. At the closing bell, the BSE SandP Sensex was up by 142 points or 0.37 per cent at 38,182 while the Nifty 50 gained by 61 points or 0.54 per cent at 11,275. All sectoral indices at the National Stock Exchange were in the green with Nifty pharma up by 5.4 per cent, realty by 2.8 per cent and auto by 0.8 per cent. Among stocks, Cipla was the flavour of the day by gaining 9.48 per cent to Rs 797.70 per share while Sun Pharma ticked up by 3.4 per cent to Rs 544.10 and Dr Reddy's by 2.6 per cent to Rs 4,691.65.

Credit: ANI    Duration: 01:17Published
Equity indices trade higher, pharma and auto stocks gain [Video]

Equity indices trade higher, pharma and auto stocks gain

Equity benchmark indices advanced by 0.8 per cent during early hours on Monday with pharma, auto and financial stocks in the lead. At 10:15 am, the BSE SandP Sensex was up by 300 points or 0.79 per cent at 38,341 while the Nifty 50 gained by 92 points or 0.82 per cent at 11,306. Except for Nifty metal which slipped marginally, all sectoral indices at the National Stock Exchange were in the green with Nifty pharma gaining by 3.3 per cent, financial service by 1.3 per cent and auto by 0.8 per cent. Among stocks, Cipla was up by 5.3 per cent to Rs 767.50 per share while Sun Pharma ticked up by 1.6 per cent to Rs 534.20. Mahindra and Mahindra gained by 4.3 per cent, Tata Motors by 1.8 per cent, Larsen and Toubro by 3.6 per cent, State Bank of India by 2.2 per cent and Kotak Mahindra Bank by 2 per cent. However, Maruti Suzuki slipped by 1.1 per cent, Hindalco by 0.8 per cent and Nestle India by 0.3 per cent.

Credit: ANI    Duration: 01:45Published

Federal Reserve Federal Reserve Central banking system of the United States

Chicago Fed chief Charles Evans says additional coronavirus relief package is "incredibly important"

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CBS News
Sensex cracks by 335 points but pharma stocks outperform [Video]

Sensex cracks by 335 points but pharma stocks outperform

Equity benchmark indices swung nearly 1 per cent lower during the afternoon session on July 30 ahead of the expiry day of monthly futures and options contracts. At the closing bell, the BSE S and P Sensex was down by 335 points or 0.88 per cent at 37,736 while the Nifty 50 lost 101 points or 0.9 per cent at 11,102. Most sectoral indices at the National Stock Exchange were in the red except for Nifty pharma which gained by 3.1 per cent and IT which crawled up by 0.6 per cent. Nifty bank slipped by 2 per cent, financial service by 1.8 per cent and metal by 1.2 per cent. Among stocks, energy majors were big losers with Bharat Petroleum Corporation down by 8 per cent to Rs 417.80 per share. IndianOil Corporation dipped by 4.1 per cent, ONGC by 2.4 per cent and Power Grid Corporation by 2.3 per cent. Banking scrips too witnessed losses with IndusInd Bank dipping by 5.4 per cent, Axis Bank by 3.4 per cent and State Bank of India by 2.4 per cent while home loan lender lost by 3.6 per cent. Pharma stocks, however, witnessed handsome gains with Dr Reddy's advancing by 4.6 per cent to close at Rs 4,500 per share. Sun Pharma and Cipla were up by 3.7 per cent and 0.8 per cent respectively. Wipro, Infosys, Vedanta, Maruti Suzuki, Britannia and Reliance Industries too traded with a positive bias. Meanwhile, Asian stocks were flat as the US Federal Reserve members voted to leave the target range for short-term rates between 0 and 0.25 per cent to support the country's virus-battered economy. Japan's Nikkei and Hong Kong's Hang Seng were down by 0.26 per cent and 0.69 per cent but South Korea's Kospi moved up by 0.17 per cent.

Credit: ANI    Duration: 01:29Published
Visa And MasterCard May Be Investigated By The Feds [Video]

Visa And MasterCard May Be Investigated By The Feds

US Senator Dick Durbin is requesting the Fed probe card networks and issuers, such as Mastercard and Visa. The senator wants an investigation over potentially anticompetitive fees. Durbin's letter hi-lighted that merchants are paying excessive debit card fees during the pandemic. The companies have planned major fee changes for US-based merchants. The Feds are requesting a competition-based investigating into Visa, Mastercard, and major issuers.

Credit: Wochit News    Duration: 00:37Published
Fed will reassure markets - economist [Video]

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Spartan Capital Securities' Peter Cardillo expects the Fed to say it'll do "whatever it takes" to keep adding liquidity to the markets when policymakers meet this week. But he also tells Reuters' Fred Katayama that he thinks there's a good chance the markets will pull back, regardless of the Fed, because "the economy is faltering."

Credit: Reuters Studio    Duration: 04:14Published
Fed Chair To Congress: Do These Three Things Now To Save The US Economy [Video]

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The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.' Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.

Credit: Wochit News    Duration: 00:39Published

S&P Global Ratings S&P Global Ratings American credit rating agency

Nasdaq surges on megacap earnings [Video]

Nasdaq surges on megacap earnings

The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:27Published

NIFTY 50 NIFTY 50 Indian stock market and benchmark index

Equity indices edge higher as banking and metal stocks spurt [Video]

Equity indices edge higher as banking and metal stocks spurt

Equity benchmark indices traded with a positive bias on Tuesday as shares of private banks and metals advanced. The BSE S-P Sensex closed 225 points or 0.59 per cent higher at 38,407 while the Nifty 50 gained by 52 points or 0.46 per cent at 11,323. Most sectoral indices at the National Stock Exchange were in the green with Nifty private bank and metal gaining by 1.6 per cent each and financial service by 1 per cent. But Nifty pharma dipped by 1.4 per cent and IT by 0.5 per cent.

Credit: ANI    Duration: 01:12Published
Equity indices on upswing led by metal, financial stocks [Video]

Equity indices on upswing led by metal, financial stocks

Equity benchmark indices surged for the third consecutive session during early hours on August 11 with metal and financial stocks leading the rally. At 10:15 am, the BSE SandP Sensex was up by 291 points or 0.76 per cent at 38,473 while the Nifty 50 gained by 77 points or 0.68 per cent at 11,347. Except for Nifty pharma which slipped marginally, all sectoral indices at the National Stock Exchange were in the green with Nifty metal gaining by 2.9 per cent, private bank by 1 per cent and financial service by 0.9 per cent. Among stocks, Tata Steel moved up by 3.8 per cent to Rs 426 per share while Hindalco gained by 3.6 per cent and JSW Steel by 3.2 per cent. The other prominent winners were HDFC, Axis Bank, ICICI Bank, Wipro, Asian Paints and ITC. However, Titan lost by 3.9 per cent a day after the jewellery-to-eyewear maker reported a net standalone loss of Rs 270 crore for the quarter ended June. It had reported a profit of Rs 371 crore in the year-ago period. one trade deal.

Credit: ANI    Duration: 01:17Published

National Stock Exchange of India National Stock Exchange of India Stock exchange in Mumbai


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