Sensex rallies 200 points, Nifty above 7,850; Elder
Pharma jumps 17%, Amtek Auto 8%
BSE benchmark Sensex opened nearly 200 points higher on
Friday ahead of the July factory output numbers scheduled for release later in
the day. The market bounced taking cues from gains in the US market, while most
of the Asian markets traded mixed.
NSE barometer Nifty breached its crucial psychological mark of 7,800 and traded at 7,854, up 65 points, or 0.84 per cent.
Stocks such as Infosys, HDFC, SBI and Axis Bank were contributing most to the Sensex's rise. Overall, the market breadth remained positive, with 28 of the 30 Sensex stocks trading in the green.
Sensex stocks SBI, ONGC, M&M and Vedanta gained 1.96 per cent, 1.90 per cent, 1.74 per cent and 1.71 per cent, respectively.
NSE barometer Nifty breached its crucial psychological mark of 7,800 and traded at 7,854, up 65 points, or 0.84 per cent.
Stocks such as Infosys, HDFC, SBI and Axis Bank were contributing most to the Sensex's rise. Overall, the market breadth remained positive, with 28 of the 30 Sensex stocks trading in the green.
Sensex stocks SBI, ONGC, M&M and Vedanta gained 1.96 per cent, 1.90 per cent, 1.74 per cent and 1.71 per cent, respectively.
Top Gainers:
SBI (1.7%), ONGC (1.6%), M&M (1.6%), AXIS BANK (1.5%), VEDANTA (1.5%)
Top Losers:
Top Losers:
TATA MOTORS (0.1%), ICICI BANK (0.1%), GAIL (0.1%)
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