Nifty, Sensex Trade Higher; Sun Pharma Stocks Fall
August 14, 2019
benchmark indices started higher on Wednesday led surge in global
stock markets and following retail inflation data boosted
possibilities of a rate cut.
around 10am, the BSE Sensex was up 107-pts at 37,065, while the NSE
Nifty50 index was up 27-pts 10,952-levels.
Entertainment, Tata Steel, Vedanta, Gail India and Hindalco were
among major gainers, on the flip side Dr.Reddys, SunPharma, Cipla,
Wipro and PowerGrid led the losses.
Auto, FMCG, IT and Pharma indices were trading in the red with
maximum losses in Nifty Pharma which falls 3.31% led by losses in
Glenmark, Dr.Reddy, Sun Pharma, Aurbindo, Lupin, DivisLab and Cadila
falling stocks, Coal India lost 1%, reversing from morning gains,
despite the company posted a good set of results. The Company
reported a net profit up by 22pc at Rs.4629.7-Cr against
of Kaveri Seed Company is trading in gains, up by 4.43% at Rs.458.55
after its Q1 consol net profit jumped 9.6pc to Rs.230-Cr Vs
Sun Pharma is currently losing in trade., down by 5.74% . The stock had made a good performance on Tuesday, after it posted strong results.