Sensex ends 159 points higher, Nifty at 10,685; Infosys up 3%
27 November 2018
Market at Close: It’s a green close for the market on Tuesday, with the Nifty ending well above 10,650-mark.
A rally among PSU banks, energy names as well as IT boosted the market. In the broader market, the Nifty Midcap index ended over half a percent higher.
At the close of market hours, the Sensex ended up 159.06 points or 0.45% at 35513.14, while the Nifty was higher by 57.00 points or 0.54% at 10685.60. The market breadth was narrow as 1238 shares advanced, against a decline of 1320 shares, while 161 shares were unchanged.
Infosys, TCS, and BPCL were the top gainers, while Sun Pharma and Hero MotoCorp lost the most.
Zydus Cadila gets USFDA approval: Zydus Cadila has received the final approval from the USFDA to market Baclofen Tablets, 10 mg and 20 mg. It will be manufactured at the group’s formulations manufacturing facility at Baddi.
Monte Carlo Fashions buyback: A meeting of the Board of Directors of the company is scheduled to be held on November 30 to consider and approve the buyback of fully paid-up equity shares of the company.
Lupin gets EIR from USFDA: The company has received EIR (Establishment Inspection Report) on the completion of an inspection by the USFDA (United States Food & Drug Administration) at its facility in Tarapur, Maharashtra.
USFDA approves ANDA filed by Granules Pharma: The US Food & Drug Administration (US FDA) has approved the Abbreviated New Drug Application (ANDA) filed by Granules Pharmaceuticals, Inc., subsidiary of Granules India Limited, through its US agent First Time US Generics LLC, for Methylphenidate Hydrochloride Extended-Release Tablets USP, 10 mg and 20 mg.
Deutsche Bank of Siemens: shares fell half a percent in morning on Tuesday after global investment firm Deutsche Bank slashed price target to Rs 1,120 from Rs 1,130 earlier.
The research house also reduced its EPS estimates by 2/5 percent for FY19/FY20 as power and transmission & distribution segments growth should slow.
Market open: It is a flat start for the market on Tuesday morning, with the Nifty holding 10,600.
Among sectors, IT and pharma are trading in the green, while metals have continued to be weak. The Nifty Midcap index is trading flat.
The Sensex is up 6.72 points or 0.02% at 35360.80, while the Nifty is lower by 8.90 points or 0.08% at 10619.70. The market breadth is positive as 282 shares advanced, against a decline of 135 shares, while 38 shares were unchanged.
Yes Bank and Sun Pharma are the top gainers, while Vedanta, SBI, and JSW Steel have lost the most.
Market at pre-open: Benchmark indices are trading higher in the pre-opening session with Nifty is around 10,650 level.
At 09:01 hrs IST, the Sensex is up 92.65 points or 0.26% at 35446.73, and the Nifty up 20.90 points or 0.20% at 10649.50.
Yes Bank, Sun Pharma gained more than 4 percent.
Crude Update: Oil markets opened cautiously on Tuesday, with many traders reluctant to take on large new positions ahead of the G20 gathering in Argentina this weekend and the OPEC meeting in Austria next week.
Asian markets trade mixed: Asian shares battled to extend a global rebound on Tuesday after US President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 57 points or 0.54 percent. Nifty futures were trading around 10,590-level on the Singaporean Exchange.