Mkt gains on govt nod for GST amendment bill
Mkt gains on govt nod for GST amendment bill. The benchmarking indices ended higher amid expiry of July derivative contracts, the government cleared GST amendment bill.
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Mumbai: The benchmarking indices ended higher amid expiry of July derivative contracts, the government cleared GST amendment bill. Also the markets get support from global cues like US Fed statement. Sensex ended up 142 points at 27,705 and Nifty closed higher 47 points at 8,422.
The broader market also gained with midcap index up 0.8 per cent and smallcap index gained 0.9 per cent. On the sectoral front, the FMCG and Realty indices gained over 2.7 per cent followed by Power, Auto and Healthcare indices, however, IT index was top loser.
Dr Reddy's labs gained over 5 per cent after the company reported impressive earnings, while Cipla gained 4.8 per cent as it received USFDA nod to launch a generic version of Pulmicort respules. The IT shares hit with profit taking after gains in the previous sessions, with Infosys, TCS and Wipro down up to 1.5 per cent each.
The gainers: Dr Reddy's Lab, up 5.23 per cent at Rs 3,907.55; Cipla, up 4.79 per cent at Rs 710.10; ITC, up 3.90 per cent at Rs 315.80; Hindustan Unilever, up 2.32 per cent at Rs 920.45; and HDFC, up 1.96 per cent at Rs 1,337.40.
The losers: Sun Pharma, down 1.89 per cent at Rs 814.30; Hindalco Inds, down 1.60 per cent at Rs 104.70, Infosys, down 1.48 per cent at Rs 1,069.10; TCS, down 1.08 per cent at Rs 2,480.95; and Tata Steel, down 0.92 per cent at Rs 248.35.
