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  1. Sensex, Nifty end 0.11% higher each; pharma stocks cheer, Infosys trims loss

Sensex, Nifty end 0.11% higher each; pharma stocks cheer, Infosys trims loss

Indian stock market ended marginally higher on Tuesday in a range bound trade today after a strong opening. BSE Sensex and NSE Nifty both ended 0.11% up at 31,291.85 points and 9,765.55 points respectively.

By: | Published: August 22, 2017 3:55 PM
The stocks of Sun Pharma (up 2.49%), Lupin (up 2.01%), Dr Reddy’s (up 2.38%), Bharti Airtel (up 1.43%), ONGC (up 1.11%) ended in lead.

Indian stock market ended marginally higher on Tuesday in a range bound trade today after a strong opening. BSE Sensex and NSE Nifty both ended 0.11% up at 31,291.85 points and 9,765.55 points respectively. The broader Nifty 50 failed to close above the 9,8000 level.  The shares of HDFC, HDFC Bank, Sun Pharma, Infosys, Axis Bank, Bharti Airtel were among the top contributors in driving the Sensex up while TCS, NTPC, Hero MotoCorp, L&T, Bajaj Auto and Reliance Industries capped the gains.

The stocks of Sun Pharma (up 2.49%), Lupin (up 2.01%), Dr Reddy’s (up 2.38%), Bharti Airtel (up 1.43%), ONGC (up 1.11%) ended in lead. Shares of the second-largest information technology company Infosys gained 0.42% at Rs 877.15 as it lost a sizeable portion of its market cap from Friday after Vishal Sikka stepped down from CEO in a shocking move.

Shares of PSU oil majors Oil and Natural Gas Corp and Hindustan Petroleum Corp jumped today after the giant exploration company’s board approved the acquisition of 51% equity stake in the refining and marketing firm from the government. ONGC shares rose as much as 1.6% to Rs 160.1 on BSE, while HPCL shares were trading up over 3.6% at Rs 450.

Shares of Westlife Development Limited controls and operates the chain of McDonald’s restaurants in West and South India through its wholly owned subsidiary Hardcastle Restaurants Pvt Ltd (HRPL) today rose as much as 14.91% to the 52-week high of Rs 282.8 on BSE. HCL Infosystems rallied by more than 14% to the day’s high of Rs 50.5 today after the company has signed distributor agreement with Apple on Monday.

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