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Business News/ Market / Stock-market-news/  Market Wrap: Sensex, Nifty close marginally higher, Infosys, Sun Pharma, RIL top gainers
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Market Wrap: Sensex, Nifty close marginally higher, Infosys, Sun Pharma, RIL top gainers

BSE Sensex closed higher by 26.53 points at 33,588.08, while the Nifty 50 inched up 6.45 points to close at 10,348.75. Here are the latest updates from the markets

BSE Sensex and NSE Nifty closed higher on Thursday. Photo: MintPremium
BSE Sensex and NSE Nifty closed higher on Thursday. Photo: Mint

MUMBAI :Mumbai: The BSE Sensex and NSE Nifty closed higher for the sixth straight day on Thursday helped by gains in IT stocks. During the day, the benchmark indices turned negative dragged by metal and bank stocks. The 30-share index closed at 33,588.08, up 26.53 points, or 0.08%. The NSE Nifty, after shuttling between 10,307.30 and 10,374.30, closed higher by 6.45 points, or 0.06%. Major gainers were Infosys, Sun Pharma, Reliance Industries, Power Grid and Axis Bank, whereas Dr. Reddy’s Labs, Adani Ports, Bajaj Auto, Asian Paints and NTPC were among the top losers. Here are the latest updates from the markets:

23 Nov 2017, 03:35:00 PM IST

Closing bell

BSE Sensex closed higher by 26.53 points, or 0.08%, at 33,588.08, while the Nifty 50 inched up 6.45 points, or 0.06%, to close at 10,348.75.

23 Nov 2017, 03:33:00 PM IST

Top gainers/losers

Infosys, Sun Pharma and Reliance Industries were the top gainers today with gains to the tune of 2.60%, 1.78% and 1.60%, respectively. Meanwhile, shares of Dr. Reddy’s Labs, Bajaj Auto and Adani Ports fell 2.10%, 2% and 1.65%, respectively.

23 Nov 2017, 03:13:00 PM IST

Monsanto India reports Q2 loss

Monsanto India Ltd reported a loss of Rs6.39 crore in the quarter ended 30 September, compared to a profit of Rs2.79 crore in the same quarter last year (Indian accounting standards). Revenue from operations stood at Rs96 crore, down from Rs102 crore a year ago. The company declared an interim dividend of Rs15 per share. Shares traded 0.76% lower at Rs2,493.20. (Reuters)

23 Nov 2017, 03:10:00 PM IST

Welspun Corp. receives contract

Welspun Corp. Ltd said it has received a contract to provide 392K MTs pipes for a water project in MENA region, according to a BSE filing. Shares were trading 2.805 up at Rs137.70.

23 Nov 2017, 03:00:00 PM IST

President approves ordinance to amend bankruptcy code

The ministry of finance said that the President has given assent to the ordinance to amend the Insolvency and Bankruptcy Code.

23 Nov 2017, 02:31:00 PM IST

Market update

BSE Sensex traded lower by 27.25 points, or 0.08%, at 33,534.30, while the Nifty 50 fell 9.75 points, or 0.09%, to 10,322.55.

23 Nov 2017, 02:20:00 PM IST

Sectoral indices

The Nifty Metal index fell 0.79% led by Hindalco, which was down 1.86%, APL Apollo Tubes 1.60%, Vedanta 1.50% and Jindal Steel 1.30%. The Nifty PSU Bank fell 0.82%. Meanwhile, the Nifty IT was up 0.95% led by Infosys, which rose 2.55%, HCL Technologies 1.45% and Tech Mahindra 1.41%.

23 Nov 2017, 02:15:00 PM IST

European shares trade lower

European shares tumbled on Thursday, tracking more timid Wall Street trading as volumes thinned out for the Thanksgiving holiday. The pan-European STOXX 600 slid 0.3%, while euro zone stocks dipped 0.2%. Britain’s FTSE 100 sank 0.5% and Germany’s DAX down 0.4%. (Reuters)

23 Nov 2017, 01:25:00 PM IST

Market update

BSE Sensex traded lower by 90.39 points, or 0.27%, at 33,471.16, while the Nifty 50 fell 30.65 points, or 0.30%, to 10,311.65.

23 Nov 2017, 12:00:00 PM IST

Zydus Cadila drug gets US FDA approval

Zydus Cadila tentative approval from the US FDA to market Tadalafil tablets, used for the treatment of erectile dysfunction and symptoms of benign prostatic hyperplasia, Cadila Healthcare Ltd said in a regulatory filing. Shares were trading 0.41% up at Rs444.50.

23 Nov 2017, 11:30:00 AM IST

Jaiprakash Power gets notice from SBICAP

Jaiprakash Power Ventures Ltd said it has received a notice from SBICAP regarding a unit of the company defaulting on interest payment, according to a BSE filing. The company’s shares traded at Rs7.25, up 0.42%.

23 Nov 2017, 11:23:00 AM IST

Market update

BSE Sensex traded higher by 42.59 points, or 0.13%, at 33,604.14, while the Nifty 50 gained 15.80 points, or 0.15%, to 10,358.10.

23 Nov 2017, 11:20:00 AM IST

Biocon shares surge after drug launch announcement

Biocon said it has launched KRABEVA, a biosimilar Bevacizumab for the treatment of patients with metastatic colorectal cancer and other lung, kidney, cervical, ovarian and brain cancers in India. The company’s shares jumped 1.93% to Rs416.50.

23 Nov 2017, 10:27:00 AM IST

PC Jeweller shares rise on buy rating by brokerage firm

PC Jeweller Ltd rose 3.3% to Rs373 after brokerage firm Motilal Oswal gave buy rating on the stock and increased its target to Rs490 a share, up 36% from its current market price.

23 Nov 2017, 10:25:00 AM IST

Aegis Logistics shares gain

Aegis Logistics Ltd rose 2.4% to Rs239.90 after brokerage house UBS has initiated buy rating on the stock with price target of Rs280 a share, up 20% from its Wednesday’s close.

23 Nov 2017, 10:20:00 AM IST

Kansai Nerolac Paints shares up on CLSA upgrade

Kansai Nerolac Paints Ltd rose 2.3% to Rs494.15 after CLSA initiated buy rating on the stock with price target of Rs600 a share, up 24% from its Wednesday’s close.

23 Nov 2017, 10:15:00 AM IST

Future Retail shares rise 3.4%

Future Retail Ltd rose 3.4% to Rs593 after broking firm HSBC has maintained its buy rating on the stock and increased its price target to Rs730 a share from Rs590 a share.

23 Nov 2017, 09:26:00 AM IST

Sensex, Nifty trade flat

BSE Sensex traded little changed at 33,566.60, up 5.05 points, or 0.02%, while the Nifty 50 edged down 1.30 points, or 0.01%, to 10,341.

23 Nov 2017, 09:23:00 AM IST

Insurance stocks trade lower

Recently listed Insurance companies trading lower. HDFC Standard Life Insurance Co. Ltd fell 2%, ICICI Lombard General Insurance Co. Ltd 1%, ICICI Prudential Life Insurance Co. Ltd 3.5% and Max Financial Services Ltd 2.6%.

23 Nov 2017, 09:20:00 AM IST

Quess Corp shares fall on Thomas Cook’s stake sale announcement

Quess Corp. Ltd fell 6% to Rs858.85 after Thomas Cook said it will sell up to 75 lakh shares (5.4%) in Quess Corp. via an offer for sale, at Rs800 per share, on 23-24 November. Thomas Cook India Ltd shares rose 4%.

23 Nov 2017, 09:17:00 AM IST

Videocon shares fall 3%

Videocon Industries Ltd fell 3% to Rs12.25. On Wednesday, IFCI sold 22.50 lakh shares or 0.8% equity stake at Rs12.82 each in the company.

23 Nov 2017, 09:15:00 AM IST

Rupee trades marginally higher against US dollar

The Indian rupee on Thursday strengthened marginally against the US dollar, tracking gains in the local equity and Asian currencies markets. The rupee opened at 64.85 a dollar. At 9.15am, the home currency was trading at 64.81 a dollar, up 0.13% from its Wednesday’s close of 64.93.

23 Nov 2017, 09:13:00 AM IST

10-year bond yield falls

The 10-year bond yield was at 6.946%, compared to its previous close of 6.958%. Bond yields and prices move in opposite directions.

23 Nov 2017, 09:10:00 AM IST

Asian currencies trade higher

Asian currencies were trading higher as dollar weakened on the latest US Federal Reserve minutes, which showed some policy makers expressing concern over low inflation. China renminbi was up 0.27%, while Indonesian rupiah, Malaysian ringgit and China offshore rose 0.07% each. However, Japanese yen was down 0.13% and Taiwan dollar 0.11%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.21, down 0.01% from its previous close of 93.220.

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