Sensex rallies 288 points, pharma and banking stocks gain

ANI
15 Sep 2020, 21:55 GMT+10

Mumbai (Maharashtra) [India], Sep 15 (ANI): Equity benchmark indices closed with an upward bounce on Tuesday as a sharp rally was witnessed in select mid-cap stocks for the second consecutive trading session.

Banking and pharma indices contributed the most to market gains amid positive global cues.

The BSE SP Sensex closed 288 points or 0.74 per cent higher at 39,044 while the Nifty 50 gained by 82 points or 0.71 per cent at 11,522.

Sectoral indices at the National Stock Exchange were mixed with Nifty pharma gaining by 1.9 per cent, private bank by 1.8 per cent and financial service by 1.3 per cent.

Among stocks, IndusInd Bank surged ahead by 4.6 per cent to close at Rs 637.85 per share. Axis Bank gained by 2.3 per cent, ICICI Bank by 2.2 per cent and Kotak Mahindra Bank by 1.7 per cent.

Pharma major Cipla advanced by 2.8 per cent to Rs 742.35 per share while Sun Pharma moved up by 2.1 per cent and Dr Reddy's by 1.7 per cent.

The others which gained were Bajaj Finance, UPL and Bharti Airtel. However, those which lost were Titan, Maruti Suzuki, Eicher Motors, Bajaj Auto and ITC.

Meanwhile, Asian equities extended gains with investor sentiment supported by Chinese data and optimism about Covid-19 vaccines.

The Shanghai composite added 0.51 per cent after China's industrial output rose by 5.6 per cent in August from a year ago.

Japan's Nikkei shed 0.44 per cent while South Korean shares rose by 0.65 per cent and Hong Kong's by 0.38 per cent. (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 International Travel News.

More Information

23 ℃

Light Rain Shower in Seletar

Hospitality

Section

2 Cabinet officials laud Baguio's effort in opening up economy

BAGUIO CITY, Sept. 18 (PIA) - - Secretary Vince Dizon, National Action Plan Against COVID - 19 Deputy Chief Implementer ...

Abra opens tourists spots to locals only

BANGUED, Abra, Sept. 18(PIA) -- The province is now gradually opening its tourism sites to local tourists but health protocols ...

PBA picks Clark as bubble venue for season resumption

CLARK FREEPORT ZONE, Pampanga, Sept.18 (PIA) -- Philippine Basketball Association (PBA) has chosen Clark as official bubble venue for the ...

How Russian restaurants are recovering post-pandemic

Foodmall Depo. Moscow.Mikhail Voskresensky/Sputnik New services, restaurant-less restaurants, and other innovations - we find out how the catering industry is ...

OYO Hotels amp; Homes opens its doors with the 'Sanitised Stays'

New Delhi [India] September 18 (ANI/NewsVoir): Applauding the move of the state government to open its border and ease travel ...

Abu Dhabi to host 'Return to UFC Fight Island' from Sept 26- Oct 25

Abu Dhabi [UAE], September 18 (ANI): UAE's capital Abu Dhabi is set to host the popular Return to UFC Fight ...

Travel and Tourism

Section