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Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer

Video Credit: ANI - Duration: 01:21s - Published
Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer

Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer

Equity benchmark indices traded higher in the afternoon session on September 16 while Asian stocks were flat ahead of the US Federal Reserve's view on the economy.

The BSE S-P Sensex closed 259 points or 0.66 per cent at 39,303 while the Nifty 50 gained by 83 points or 0.72 per cent at 11,605.

Except for Nifty media and PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty realty gaining by 2.2 per cent, pharma by 2 per cent and auto by 1.5 per cent.

Among stocks, Dr Reddy's jumped by 4.44 per cent to close at Rs 4,639.60 per share after it announced cooperation with Russian Direct Investment Fund (RDIF) to conduct clinical trials and distribute Sputnik V vaccine in India for treatment of COVID-19.

Mahindra - Mahindra accelerated by 4 per cent to Rs 638.05 per share while Bajaj Auto moved up by 3.5 per cent and Tata Motors by 1.7 per cent.


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Equity benchmark indices fell sharply during early hours on Thursday as traders booked profit on weak global cues. At 10:15 am, the BSE SandP Sensex was down by 650 points or 1.26 per cent at 50,795 while the Nifty 50 edged lower by 194 points or 1.27 per cent to 15,052. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal down by 2.9 per cent, PSU bank and financial service by 2.3 per cent each, and auto by 1.3 per cent. Among stocks, JSW Steel dropped by 3.4 per cent to Rs 413.65 per share while Tata Steel was down by 3.2 per cent to Rs 752.25. Hindalco too dipped by 2.6 per cent to Rs 349.80 per share. Banking and financial stocks too fell with HDFC down by 3 per cent, Bajaj Finserv by 2.8 per cent, HDFC Bank by 2.7 per cent, Axis Bank by 2.5 per cent and ICICI Bank by 2.4 per cent. However, Adani Ports, ONGC, Grasim and Tech Mahindra traded with a positive bias. Meanwhile, resurgent worries about rising US bond yields hit global shares as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of a rapid rise in long-term borrowing costs. The MSCI's ex-Japan Asian Pacific shares lost by 1.7 per cent in early trade while Japan's Nikkei fell by 2.46 per cent. Hong Kong's Hang Seng index was down by 2.53 per cent, South Korea's Kospi by 1.93 per cent and Shanghai composite by 1.58 per cent.

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