Wednesday, June 17, 2015

Sensex Gains for Fourth Day, Jumps 119 Points

Sharemasterindia.com: 3:30 p.m.: Sensex provisionally ended 119 points higher at 26,805 and Nifty gains 42 points to settle at 8,090.

3:27 p.m.: Torrent Pharma up nearly 2%; Cabinet approves hike in FII investment limit and Kotak Mahindra Bank off day's high, up 0.24%; Cabinet defers proposal for increase in foreign investment limit.

3:26 p.m.: Cipla Ltd, India's fourth-largest drugmaker by sales, is planning to enter Latin America and Eastern Europe to tap into growing demand for generic drugs in emerging markets, Chief Executive Subhanu Saxena said.

3:18 p.m.: Reliance Industries, on track for a fourth straight session of gains, jumped 4 per cent on Wednesday. Since its 41st AGM on Friday, RIL shares are up 7.5 per cent as compared to 2.1 per cent gain in the broader Nifty.

3:10 p.m.: Banking and power stocks are witnessing some profit-booking. The Bank Nifty was down 0.12 per cent and the power index slipped 0.35 per cent.

3:05 p.m.: The markets have come off the intraday highs. The Sensex which touched high of 26,983.48 was up 132 points at 26,818 and the Nifty advanced 41 points to 8,088.

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