Business

Equity indices in the green, IT and pharma stocks gain

ANI | July 15, 2019 10:20 AM
Nifty IT was 1.4 pc higher while pharma gained nearly 1 pc

Mumbai (Maharashtra) [India], July 15 (ANI): Equity benchmark indices were in the positive zone during early hours on Monday with IT and pharma stocks gaining ground.

At 10:15 am, the BSE S&P Sensex was up 107 points at 38,843 while the Nifty 50 gained 12 points to 11,565.

At the National Stock Exchange, Nifty IT was 1.4 per cent higher while pharma gained nearly 1 per cent. But realty and PSU banks traded lower.

Among stocks, Infosys moved up 4.4 per cent to Rs 1,086.05 per share after posting 2.8 per cent growth in dollar terms during first quarter of current fiscal.

Yes Bank was up 4.1 per cent, Sun Pharma 3.3 per cent, Tata Motors 1.6 per cent and Dr Reddy 1.5 per cent. Eicher Motors, Bajaj Auto, Grasim, Maruti and UltraTech Cement also show marginal gains.

However, Allahabad Bank which plunged over 10 per cent. Dewan Housing Finance Ltd (DHFL) too was down 9.9 per cent after reporting dismal results and warned about its grim financial situation. The lender also said it had defaulted on the interest payments due on two non-convertible debentures.

Meanwhile, Asian shares were mixed with the Japanese Nikkei seeing gains while other indices saw profit booking. In China, equity markets were choppy after the world's second largest economy reported that its second quarter economic growth slowed to 6.2 per cent from a year earlier, the weakest pace in at least 27 years. (ANI)

Have something to say? Post your comment
Must Read
Punjab shines in National Sports honours
Punjab shines in National Sports honours
Strict action on using name and logo of National Human Rights Commission: Deputy Commissioner
Strict action on using name and logo of National Human Rights Commission: Deputy Commissioner
Nawanshahr and Balachaur put on high alert in the wake of excess Water Realease to Sutluj River
Nawanshahr and Balachaur put on high alert in the wake of excess Water Realease to Sutluj River
Schools to remain shut in Shimla following heavy rainfall
Schools to remain shut in Shimla following heavy rainfall
President Kovind meets legendary singer Lata Mangeshkar, wishes her good health
President Kovind meets legendary singer Lata Mangeshkar, wishes her good health
10 councillors rejoin TMC; BJP scared them with central agencies, says WB minister
10 councillors rejoin TMC; BJP scared them with central agencies, says WB minister
Heavy rainfall likely in several districts of Karnataka: IMD
Heavy rainfall likely in several districts of Karnataka: IMD
Tamil Nadu to receive rains for next 48 hours, says IMD
Tamil Nadu to receive rains for next 48 hours, says IMD
TN govt raises Aavin milk price by Rs 6 per litre
TN govt raises Aavin milk price by Rs 6 per litre
Conditions of  SCs, STs deteriorating due to economic slowdown: Mayawati
Conditions of SCs, STs deteriorating due to economic slowdown: Mayawati
Ashwini Choubey, Arvind Kejriwal visit Jaitley at AIIMS
Ashwini Choubey, Arvind Kejriwal visit Jaitley at AIIMS
Manpreet Singh Badal envisions Punjab as most favoured investment destination
Manpreet Singh Badal envisions Punjab as most favoured investment destination