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Business News/ Market / Stock-market-news/  Market chat: Sensex advances for a third day
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Market chat: Sensex advances for a third day

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A file photo of BSE building in Mumbai. Photo: Hemant Mishra/MintPremium
A file photo of BSE building in Mumbai. Photo: Hemant Mishra/Mint

Indian stocks advanced for a third day, with the benchmark gauge set for a weekly gain, as drug makers and software exporters rallied.

Lupin Ltd and Sun Pharmaceutical Industries Ltd climbed more than 2% each. Infosys Ltd rallied to a record, while Wipro Ltd increased to a five-month high. Hindustan Unilever Ltd gained for a second day. NTPC Ltd rose for a third day.

The S&P BSE Sensex was up 0.38%, or 99.44 points to 26,254.27 at 11:48am, taking this week’s increase to 1.9%. Reserve Bank of India (RBI) cut its benchmark interest rate on Tuesday by more than economists’ forecast. That pared the Sensex’s quarterly loss to 5.9%, still the largest drop in almost four years, tracking a decline in emerging-market assets as investors weigh an impending rise in US borrowing costs and a slowdown in China’s economy.

International investors sold a net $168 million of Indian stocks on 29 September, paring this year’s inflow to $3.6 billion, still the largest among eight Asian markets tracked by Bloomberg.

For more updates, join our experts at the daily live chat from 12pm to 1pm as they gauge the markets today. For live Sensex updates, click here.

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Published: 01 Oct 2015, 11:54 AM IST
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