Business & Finance

Sensex recovers in late trade to end flat

Sensex recovered in late trade to close flat with the Nifty holding 10,800 levels, backed by technology, pharma stocks and Reliance Industries.

The 30-share BSE Sensex rose 22.32 points to 35,622.14 and the 50-share NSE Nifty gained 9.70 points at 10,817.70.

Infosys was up 4 per cent and TCS gained 3 per cent.

Sun Pharma, Cipla, Bajaj Finance, Lupin, UPL and HCL Technologies rallied 1-4 percent.

ICICI Bank, Hindalco Industries, SBI and Yes Bank were under pressure.

The Nifty Midcap index fell 121 points.

Nifty IT and Pharma indices were trading with 2 per cent gain, while on the other side Nifty PSU banks shed 2 per cent.

Karnataka Bank, Allahabad Bank, Andhra Bank, Union Bank, UCO Bank, SBI Life, HDFC Standard Life, Dish TV, Edelweiss, Petronet LNG, Tata Global, Ashok Leyland, L&T Finance, Holdings, Hexaware, Mphasis and ICICI Prudential fell up to 4 per cent.

Strides Shasun, Mishra Dhatu, Jayshree Tea, Dhampur Sugar, Jubilant Foodworks, Granules India and Mcleod Russel gained up to 6 per cent.

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.

Related posts