Equity indices close in the green, Cipla gains 9.5 pc

ANI
10 Aug 2020, 16:48 GMT+10

Mumbai (Maharashtra) [India], Aug 10 (ANI): 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 SP 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.

Defence stocks rallied after the government said it will stop importing 101 items of military equipment in an effort to boost domestic defence production.

Shares of defence equipment manufacturers Bharat Electronics rose by 9.2 per cent, Hindustan Aeronautics by 8.7 per cent and Bharat Dynamics by 4.3 per cent.

MahindraMahindra gained by 4.9 per cent, LarsenToubro by 4.8 per cent, Tata Motors by 3.6 per cent and JSW Steel by 2.4 per cent.

However, Eicher Motors slipped by 2.2 per cent, Maruti Suzuki by 1.2 per cent, Reliance Industries by 1.1 per cent and Nestle India by 0.8 per cent.

Meanwhile, Asian stocks were in tight ranges as worries over flaring tensions between the United States and China weighed on market sentiment.

Japanese and Singaporean markets were closed for public holidays but Hong Kong's Hang Seng index fell by 0.2 per cent. Shanghai composite rose by 0.75 per cent as China's factory deflation boosted hopes of economic recovery in the world's second-biggest economy. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.

More Information

null in null

Small Business

Section

Beijing's Growing Boldness: China's Stance On Ukraine Sparks EU Alarm

Publicly, Beijing has presented itself as a neutral party in the war sparked by Russia's full-scale invasion of Ukraine, claiming it...

UK's aid to boost Ukraine's defence growth, to give 283 million Euros in bilateral aid next year

London [UK], July 11 (ANI): New UK package of support for Ukraine's immediate and longer-term needs was tabled at Ukraine Recovery...

Armenian opposition lawmaker arrested

Arrests of critics mount as authorities allege a wide-ranging plot to overthrow Prime Minister Nikol Pashinyans government An Armenian...

"Election Commission has become Godi Aayog": Tejashwi Yadav at Bihar Bandh rally

Patna (Bihar) [India], July 9 (ANI): RJD leader Tejashwi Yadav on Wednesday heavily criticised the Election Commission of India for...

Punjab: Two accused in Abohar businessman's murder killed in police encounter

Fazilka (Punjab) [India], July 9 (ANI): Two accused in the murder of Abohar businessman Sanjay Verma were killed in retaliatory police...

"We have the evidence against him": Bihar ADG on arrest of one accused in Gopal Khemka case

Patna (Bihar) [India], July 8 (ANI): Bihar ADG Kundan Krishnan on Tuesday informed that the shooter who was involved in the businessman...

Automotive

Section