Sensex closes above 50K mark led by pharma, financials
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Sensex closes above 50K mark led by pharma, financials
The bull roar continued at bourses on February 03 with equity benchmark indices closing at record high peaks and exuberance over the Union Budget led to hopes of economic recovery among investors.
At the closing bell, the BSE SandP Sensex was up by 458 points or 0.92 per cent at 50,256 while the Nifty 50 advanced by 142 points or 0.97 per cent to 14,790.
Most sectoral indices at the National Stock Exchange were in the positive terrain with Nifty pharma gaining by 2.8 per cent, PSU bank by 2.6 per cent and metal by 1.7 per cent.
Among stocks, Dr Reddy's gained by 3.9 per cent to Rs 4,661 per share while Cipla moved up by 3.7 per cent to Rs 852.25.
Sun Pharma closed 3.1 per cent higher at Rs 628.55 per share.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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