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Sensex closes 180 points up, Glenmark Pharma jumps 27 pc

Video Credit: ANI - Duration: 01:15s - Published
Sensex closes 180 points up, Glenmark Pharma jumps 27 pc

Sensex closes 180 points up, Glenmark Pharma jumps 27 pc

Equity benchmark indices wiped out early gains but closed over half a per cent higher on Monday led by gains in banking, pharma and metal stocks.

The rising tension between India and China besides a spike in fresh COVID-19 cases turned investors cautious.

At the closing bell, the BSE S-P Sensex was up by 180 points or 0.52 per cent at 34,911 while the Nifty 50 edged higher by 67 points or 0.65 per cent at 10,311.

Among stocks, Glenmark Pharmaceuticals surged by 27.06 per cent to Rs 519.80 per share after it became the first pharmaceutical company in India to receive regulatory approval to make and sell oral antiviral drug favipiravir for treating mild-to-moderate COVID-19 infections.

Cipla's stock jumped by 2.9 per cent to Rs 655.80 per unit after it announced the launch of remdesivir under its brand name Cipremi.

Bajaj Auto gained by 7 per cent while Bajaj Finance and Bajaj Finserv climbed up by 5.9 per cent and 4.7 per cent respectively.

Kotak Mahindra Bank gained by 4.4 per cent to close at Rs 1,360 per share.

However, those which lost were Wipro, Infosys, Tata Consultancy Services, Mahindra and Mahindra, GAIL, ONGC and HDFC.

Meanwhile, Asian stocks held flat while trying to shake off worries that rising coronavirus cases in the United States could slow down a quick economic rebound from the downturn triggered by the pandemic.

Japan's Nikkei fell by 0.18 per cent while mainland Chinese stocks dropped by 0.08 per cent and Hong Kong's Hang Seng fell by 0.54 per cent.

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Glenmark Pharmaceuticals Glenmark Pharmaceuticals


BSE SENSEX BSE SENSEX stock market index used by Bombay Stock Exchange (BSE)

Closing bell: Equity indices close in red, financials and metals decline [Video]

Closing bell: Equity indices close in red, financials and metals decline

Traders booked profit and equity benchmark indices ended marginally lower on July 10 following a decline in global peers amid surging coronavirus cases. The BSE S and P Sensex settled 143 points or 0.39 per cent lower at 36,594 while the Nifty 50 sank by 45 points or 0.42 per cent at 10,768.Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank down by 2.6 per cent, private bank by 2.3 per cent, financial service by 1.9 per cent and metal by 0.7 per cent. Among stocks, private lender Axis Bank slipped by 3.2 per cent to close at Rs 439.20 per share. ICICI Bank was down by 2.8 per cent, IndusInd Bank by 2.7 per cent and State Bank of India by 1.8 per cent.The other prominent losers were HDFC, JSW Steel, GAIL, Titan and Adani Ports.However, Reliance Industries jumped by 3.1 per cent to wind up the day at Rs 1,881 per share. Sun Pharma closed 2.2 per cent higher while FMCG majors Hindustan Lever, Britannia and Nestle India were up by 2.5 per cent, 1.5 per cent and 0.4 per cent respectively.

Credit: ANI    Duration: 01:14Published
Sensex jumps 409 points as banking, metal stocks rally [Video]

Sensex jumps 409 points as banking, metal stocks rally

Equity benchmark indices extended early gains in the afternoon session on July 09 after Prime Minister Narendra Modi said India is seeing green shoots of economic recovery. "The story of global revival will have India playing a leading role," he said at the India Global Week Summit. The BSE S and P Sensex closed 409 points or 1.12 per cent higher at 36,738 while the Nifty 50 ticked up by 108 points or 1.01 per cent at 10,813.Except for Nifty FMCG which slipped by 0.3 per cent, all sectoral indices at the National Stock Exchange were in the green with Nifty metal up by 1.9 per cent, financial service by 1.6 per cent, PSU bank by 1.2 per cent and private bank by 1.1 per cent.

Credit: ANI    Duration: 01:16Published
Sensex falls by 346 points, auto and IT stocks tumble [Video]

Sensex falls by 346 points, auto and IT stocks tumble

Equity benchmark indices fell sharply during the last hour of the trading session on Wednesday amid mixed Asian cues and continued surge in coronavirus cases which cast doubt over a quick global economic recovery. The BSE S-P Sensex closed 346 points or 0.94 per cent lower at 36,329 while the Nifty 50 edged down by 94 points or 0.87 per cent at 10,706. Sectoral indices at the National Stock Exchange were mixed with Nifty auto and realty down by 1.9 per cent each, IT by 1.7 per cent and financial service by 0.6 per cent. But Nifty PSU bank climbed up by 2.3 per cent and metal by 1.5 per cent. Among stocks, Bajaj Finance fell by 4.6 per cent to Rs 3,197 per share while Bajaj Finserv slipped by 2.8 per cent. Tata Motors was down by 3.1 per cent, Maruti Suzuki by 2.8 per cent and Eicher Motors by 2.6 per cent. IT majors HCL Technologies and Infosys skidded by 2.9 per cent and 2.4 per cent respectively.

Credit: ANI    Duration: 01:22Published
Markets open flat but IT, auto stocks gain [Video]

Markets open flat but IT, auto stocks gain

Equity benchmark indices were subdued during early hours on July 07 in lacklustre trading amid mixed cues from Asian peers. At 10:15 am, the BSE S and P Sensex was up by 78 points or 0.21 per cent at 36,565 while the Nifty 50 edged up by 10 points or 0.09 per cent at 10,774. Most sectoral indices at the National Stock Exchange were in the red except for Nifty IT which moved up by 1.7 per cent, pharma by 0.8 per cent and auto by 0.5 per cent. IT stocks appeared to be the flavour of the day with Infosys gaining by 2.6 per cent to Rs 784.50 per share. Wipro was up by 1.6 per cent, HCL Technologies by 1.5 per cent and Tech Mahindra by 1.3 per cent. Auto stocks also gained marginally with Bajaj Auto and Tata Motors moving up by 1.6 per cent each and Maruti Suzuki by 1.1 per cent. However, Power Grid Corporation slipped by 2.5 per cent to Rs 173.40 per share. Grasim was down by 2.4 per cent, ONGC by 2.1 per cent, ITC by 1.7 per cent and Tata Steel by 1.6 per cent. Meanwhile, Asian indices traded mixed despite a strong close on Wall Street overnight. In Japan, Nikkei traded down by 0.7 per cent as the market participants seemed concerned over the rising number of new Covid-19 cases in Tokyo.

Credit: ANI    Duration: 01:11Published

Asian Shares Advance Following Upbeat U.S. Jobs Report

Tokyo’s Nikkei 225 index picked up 0.3% to 22,211.89, while the Shanghai Composite index jumped 1% to 3,121.74. In South Korea, the Kospi gained 0.4% to..
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Kotak Mahindra Bank Kotak Mahindra Bank Indian private sector bank which is headquarter in Mumbai

Equity indices trade higher as banking, pharma stocks rally [Video]

Equity indices trade higher as banking, pharma stocks rally

Equity benchmark indices rose by nearly 1 per cent during early hours on Monday led by gains in banking, pharma and metal stocks. At 10:15 am, the BSE S-P Sensex was up by 326 points or 0.94 per cent at 35,057 while the Nifty 50 edged higher by 101 points or 0.99 per cent at 10,346. Except for Nifty IT, all sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2.6 per cent, private bank by 2.3 per cent, pharma by 1.8 per cent and metal by 1 per cent. Among stocks, IndusInd Bank was up by 3.1 per cent to Rs 498.70 while ICICI Bank and Kotak Mahindra Bank gained by 3 per cent and 2.2 per cent respectively.

Credit: ANI    Duration: 01:11Published
Equity indices flat as India-China tensions simmer, banking stocks slip [Video]

Equity indices flat as India-China tensions simmer, banking stocks slip

Equity benchmark indices were flat during early hours on Thursday as border tensions between India and China continued to simmer while COVID-19 infections surged.At 10:15 am, the BSE SandP Sensex was up by 68 points or 0.2 per cent at 33,576 while the Nifty 50 edged higher by 18 points or 0.19 per cent at 9,900. Sectoral indices at the National Stock Exchange were mixed amid lacklustre trading. Among stocks, private banks slipped with ICICI Bankdown by 1.1 per cent to Rs 338.10 per share. Kotak Mahindra Bank dipped by 0.9 per cent, Axis Bank by 0.8 per cent and IndusInd Bank by 0.6 per cent. The others which lost were ONGC, Adani Ports, NTPC, Larsen and Toubro and Bajaj Auto. However, those which gained marginally were UPL, Bajaj Finserv, ITC, Vedanta, Britannia and Dr Reddy's. Meanwhile, Asian stocks fell as spiking coronavirus cases in several US states and China pushed back hopes of a quick global economic recovery from the pandemic. MSCI's broadest index of Asia Pacific shares outside Japan lost by 1 per cent. Japan's Nikkei was down by 1.3 p

Credit: ANI    Duration: 01:14Published
Sensex dips by 97 points amid rising geopolitical tensions [Video]

Sensex dips by 97 points amid rising geopolitical tensions

Geopolitical tensions between India and China at the Ladakh border curbed investors risk appetite, leading equity benchmark indices to close with slight cuts on Wednesday. The bourses experienced bouts of volatility while the economy opens up after extended lockdowns and COVID-19 cases continue to rise across the country. At the closing bell, the BSE SandP Sensex was down by 97 points or 0.29 per cent at 33,508 while the Nifty 50 edged lower by 33 points or 0.33 per cent at 9,881. Sectoral indices at the National Stock Exchange were mixed. Among stocks, Bharti Infratel plunged by 4.5 per cent to Rs 206.30 per share. Kotak Mahindra Bank dipped by 2.3 per cent, ITC by 2.2 per cent, Mahindra and Mahindra by 1.9 per cent and Hindalco by 1.6 per cent.

Credit: ANI    Duration: 01:26Published
Sensex down by 1 pc amid fear of second wave of COVID-19 cases in China [Video]

Sensex down by 1 pc amid fear of second wave of COVID-19 cases in China

Equity benchmark indices dived during early hours on Monday tracking weak Asian markets as fear of the second wave of COVID-19 related cases in China sparked worries among investors that it will delay the economic recovery. At 10:15 am, the BSE SandP Sensex was down by 363 points or 1.07 per cent at 33,418 while the Nifty 50 edged lower by 94 points or 0.94 per cent at 9,879. Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 1.9 per cent and pharma up by 1.2 per cent. Among stocks, private banks were in the red with IndusInd Bank down by 4.2 per cent at Rs 506.35 per share. Axis Bank slipped by 2 per cent, ICICI Bank by 1.9 per cent, Kotak Mahindra Bank by 1.8 per cent and HDFC Bank by 1.7 per cent.

Credit: ANI    Duration: 01:26Published

Bajaj Finserv Bajaj Finserv

Equity indices close in the green, Eicher Motors up 4.2 pc [Video]

Equity indices close in the green, Eicher Motors up 4.2 pc

Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.

Credit: ANI    Duration: 01:12Published
Opening stock: Equity indices in red, financials and metals lose shine [Video]

Opening stock: Equity indices in red, financials and metals lose shine

Equity benchmark indices fell by over 1 per cent during early hours on June 29 amid weak global cues as coronavirus cases continue to surge across the world. That dimmed the hopes of an early economic recovery and drove investors to safer assets like government bonds, gold and the US dollar. At 10:15 am, the BSE SandP Sensex was down by 431 points or 1.23 per cent at 34,740 while the Nifty 50 edged lower by 130 points or 1.25 per cent at 10,253. Except for Nifty FMCG and pharma, all sectoral indices at the National Stock Exchange were in the negative zone with Nifty metal down by 2.6 per cent, private bank by 2.3 per cent and financial service by 2 per cent. Among stocks, Bajaj Finance dropped by 4.3 per cent to Rs 2,778.85 per share while Bajaj Finserv slipped by 2.8 per cent to Rs 5,776.85. Private lenders were on slippery ground with Axis Bank down by 4.4 per cent, IndusInd Bank by 3 per cent and ICICI Bank by 2.6 per cent. Hindalco, JSW Steel, Coal India, Bharti Infratel and Tech Mahindra too traded with a negative bias. But FMCG majors ITC, Nestle India and Britannia were in the positive zone along with Cipla and Sun Pharma.

Credit: ANI    Duration: 01:12Published
Equity indices close in the red, private banks drag [Video]

Equity indices close in the red, private banks drag

Equity benchmark indices slipped over 1.5 per cent during the afternoon session on Wednesday as heavy selling was witnessed in banking stocks. The BSE SandP Sensex closed 561 points or 1.58 per cent lower at 34,869 while the Nifty 50 dropped by 166 points or 1.58 per cent at 10,305. Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank down by 4 per cent, financial service by 2.9 percent, and realty by 2.6 per cent and pharma by 2.4 per cent. Among stocks, ICICI Bank tumbled by 7.1 per cent to wind up the day at Rs 349.35 per share. IndusInd Bank dropped by 6.6 per cent and Axis Bank by 4.1 per cent while State Bank of India slipped by 4.1 per cent. The other prominent losers were Power Grid Corporation, Hindalco, Cipla, NTPC and Bajaj Finserv. However, Asian Paints added gains of 3.8 per cent to close at Rs 1,748 per share. FMCG major ITC was up by 3.3 per cent and Nestle India by 1.1 per cent while auto majors Eicher Motors, Hero MotoCorp and Tata Motors added marginal gains.

Credit: ANI    Duration: 01:15Published

Bajaj Auto Bajaj Auto Indian two-wheeler and three-wheeler manufacturing company

Opening stock: Equity indices in green on global cues, Tata Motors up 3.9% [Video]

Opening stock: Equity indices in green on global cues, Tata Motors up 3.9%

Equity benchmark indices rose marginally during early hours on July 03 in line with Asian peers with buying seen across IT and auto counters. At 10:15 am, the BSE S and P Sensex was up by 106 points or 0.29 per cent at 35,949 while the Nifty 50 edged higher by 43 points or 0.41 per cent at 10,594. Sectoral indices at the National Stock Exchange were mixed with Nifty IT gaining by 1 per cent, FMCG by 0.9 per cent and auto by 0.4 per cent. Among stocks, Tata Motors ticked up by 3.9 per cent at Rs 105.50 per share while Bajaj Auto rose by 2.1 per cent to Rs 2,941. Wipro and Tata Consultancy Services gained by 1.5 per cent each while HCL Technologies was up by 1.4 per cent. Reliance Industries edged higher by 0.83 per cent to Rs 1,775.15 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit.

Credit: ANI    Duration: 01:01Published

NIFTY 50 NIFTY 50 Indian stock market and benchmark index

Equity indices dither after weak opening, TCS flat after Q1 results [Video]

Equity indices dither after weak opening, TCS flat after Q1 results

Equity benchmark indices suffered slight cuts during early hours on Friday following a decline in global peers amid surging coronavirus cases. At 10:15 am, the BSE SandP Sensex was down by 36 points or 0.1 per cent at 36,702 while the Nifty 50 edged lower by 8 points or 0.07 per cent at 10,806. Nifty pharma was up by 1.5 per cent and auto by 0.8 per cent. All sectoral indices at the National Stock Exchange were in the red. Among stocks, private lenders IndusInd Bank and Axis Bank slipped by 1.7 and 1.1 per cent respectively while home loan lender HDFC was down by 1.4 per cent. Bharti Infratel dipped by 2.6 per cent, Adani Ports by 2.2 per cent, Tech Mahindra by 1.8 per cent, JSW Steel by 1.4 per cent and Hindalco by 1.2 per cent. Tata Consultancy Services was down by 0.5 per cent to Rs 2,193.05 per share after reporting nearly 14 per cent fall in its net profit at Rs 7,008 crore in the first quarter of the current financial year (Q1 FY21). However, Sun Pharma gained by 2.9 per cent to Rs 496 per share, Dr Reddy's by 1.2 per cent and Cipla by 1.1 per cent. Hero MotoCorp and Tata Motors traded with a positive bias while index heavyweight Reliance Industries was up by 1.1 per cent at Rs 1,844.70 per share. Meanwhile, Asian shares fell as record-breaking new coronavirus cases in several US states raised concerns that new lockdowns could derail an economic recovery. MSCI's broadest index of Asia Pacific shares outside Japan fell by 0.76 per cent while Japanese stocks declined by 0.4 per cent. Shares in China fell by 0.72 per cent, the first decline in more than a week, as investors booked profits on a surge in equities to a five-year high.

Credit: ANI    Duration: 01:06Published

Cipla Cipla Indian multi-national pharmaceutical and biotechnology company

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended [Video]

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended

Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the loan repayment moratorium by another three months up to August 31. The central bank also increased the group exposure limit of banks from 25 to 30 per cent of eligible capital base for enabling corporates to meet their funding requirements from banks. The increased limit will be applicable up to June 30 next year. The measures did not cheer investors who believed the extension of moratorium is good for the economy but in substance will negatively impact banks and non-banking finance companies. At the closing bell, the BSE S and P Sensex was down by 260 points or 0.84 per cent at 30,673 while the Nifty 50 edged lower by 67 points or 0.74 per cent at 9,039. Except for Nifty pharma, IT and auto, all sectoral indices at the National Stock Exchange were in the red with Nifty financial service down by 3 per cent, private bank by 2.8 per cent, metal by 1.8 per cent and realty by 1.1 per cent. As investors worried over the possible loan repayment delays and defaults, Axis Bank plunged by 5.2 per cent to Rs 338.60 per share. ICICI Bank dipped by 3.9 per cent and HDFC Bank slipped by 1.9 per cent while Bajaj Finance and Bajaj Finserv lost by 4.5 and 4.6 per cent respectively. Home loan lender HDFC too dropped by 5.1 per cent to Rs 1,515.85 per share. Metal majors Hindalco, Tata Steel and JSW Steel cracked by 3.9 per cent, 3 per cent and 2.3 per cent respectively while Bajaj Auto skidded by 3 per cent. However, those which gained were Mahindra and Mahindra, Cipla, Infosys, Asian Paints, Britannia and Tech Mahindra. Meanwhile, Hong Kong shares tumbled after China moved to impose a new security law on the city after last year's pro-democracy unrest. That raised the prospect of further straining US-China ties. Hong Kong's Hang Seng index fell by 5.56 per cent to a seven-week low.

Credit: ANI    Duration: 01:14Published

Bajaj Finance Bajaj Finance


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