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Today the Indian share market recouped early losses, led by short covering in FMCG, Pharma and oil stocks. The Sensex gained 78.05 points at 28260.19 and the Nifty rose 23.30 points to 8552.75. The broader markets also gained with the BSE Midcap and Smallcap indices up over 0.4 percent.
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Today the Indian share market recouped early losses, led by short covering in FMCG, Pharma and oil stocks. The Sensex gained 78.05 points at 28260.19 and the Nifty rose 23.30 points to 8552.75. The broader markets also gained with the BSE Midcap and Smallcap indices up over 0.4 percent.
About 1054 shares have advanced, 637 shares
declined, and 106 shares are unchanged on the Bombay Stock Exchange. The Sensex
gained 132.30 points or 0.47 percent at 28314.44 and the Nifty rose 37.50
points or 0.44 percent to 8566.95. About 1269 shares have advanced, 649 shares
declined, and 118 shares are unchanged on the BSE.
Sun Pharma and Hindustan Unilever rebounded sharply on short covering, up 2 percent each. Sun Pharma issued profit warning for FY16 on Monday and HUL disappointed street on bottom line front. Shares of HDFC, Reliance Industries, M&M, ONGC, Bajaj Auto and Cipla gained 0.9-1.6 percent.
Sun Pharma and Hindustan Unilever rebounded sharply on short covering, up 2 percent each. Sun Pharma issued profit warning for FY16 on Monday and HUL disappointed street on bottom line front. Shares of HDFC, Reliance Industries, M&M, ONGC, Bajaj Auto and Cipla gained 0.9-1.6 percent.
