Sensex, Nifty Recover After Falling For Four Consecutive Trading Sessions
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
Closing Bell: Sensex, Nifty Recover After Falling For Four Consecutive Trading Sessions
Indian equities ended higher, halting their four-day losing streak.
The S&P BSE Sensex rose 1.05 percent or 429 points to close at 41,323 and the NSE Nifty 50 rose 1.15 percent to end at 12,125.90. The broader markets represented by the NSE Nifty 500 Index rose 1.3 percent.
The market breadth was tilted in favour of buyers. About 1,175 stocks advanced and 618 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Pharma Index’s 2.3 percent gain.
Fab Four Stocks Of The Day
Aurobindo Pharma
- Shares jump the most in over 12 years.
- The drugmaker received the Establishment Inspection Report with Voluntary Action Initiated status from U.S. FDA after the inspection of Unit IV, a general injectable formulation manufacturing facility of the company, according to its statement to the exchanges.
Torrent Pharma
- Fresh longs seen with high open interest of 34 percent.
- Trading volume was 2.5 times its 20-day average.
Voltas
- Stock set for longest winning streak in four months
- Shares jump 30 percent so far this year.
Nippon Life India Asset Management
- Shares rose as much as 7.6 percent, the most since Nov. 13, 2019, to hit an all-time high at Rs 421.90.
BQ Exclusive: SBI Approves Suzlon Energy Restructuring Plan
Stocks Moving On Heavy Volumes
Hathway Cable & Datacom
- Stock rose as much as 14 percent to Rs 26.35.
- Trading volume was more than 20 times its 20-day average.
DEN Networks
- Stock rose as much as 10 percent to Rs 65.50.
- Trading volume was 14 times its 20-day average.
Shree Cement
- Stock rose as much as 6 percent to Rs 25,199.
- Trading volume was almost seven times its 20-day average.
IIFL Wealth Management
- Stock rose as much as 6.4 percent to Rs 1,663.95.
- Trading volume was almost seven times its 20-day average.
Global Markets Update: Europe Stocks Climb With U.S. Futures
Stocks in Europe rose with U.S. equity futures on Wednesday after signs China may be planning further measures to support parts of its economy reeling from a virus-induced slowdown.
- Futures on the S&P 500 Index advanced 0.2 percent as of 8:09 a.m. London time.
- The Stoxx Europe 600 Index advanced 0.3 percent.
- The MSCI Asia Pacific Index increased 0.3 percent.
- The MSCI Emerging Market Index advanced 0.5 percent.
Get your daily fix of global markets here.
Source: Bloomberg
