Published: Tue, November 21, 2017
Culture | By Stewart Greene

Market close: Nifty, Sensex close higher; pharma stocks lead the rally

Market close: Nifty, Sensex close higher; pharma stocks lead the rally

According to market observers, some gains were capped as investors booked profits in banking and realty stocks.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at 33,478.35 points - up 118.45 points or 0.36 per cent - from Monday's close.

The NSE 50-share after moving between 10,309.85 and 10,261.50 on alternate bouts of selling and buying, concluded up 15.15 points, or 0.15 per cent, at 10,298.75.

The Sensex touched a high of 33,513.91 points and a low of 33,437.61 points in the trade so far.

Indian shares opened modestly higher on Tuesday, tracking firm global markets as strong data from Germany and the US stocked optimism about global growth.

Indian shares advanced on Tuesday, tracking gains in Asian equities amidst hopes of global growth recovery. Pharma Index gains by by nearly 3%, led by Dr Reddy and Sun Pharma, each gaining over 6% and 4% respectively.

Market breadth was negative with 1,363 advances against 1,131 declines.

Sector-wise, the S&P BSE consumer durables index surged by 404.07 points, followed by healthcare index by 241.83 points and oil and gas index by 132.55 points.

On the other hand, Coal India (1.51%), ITC (1.08%), Power Grid Corporation Of India (1.03%), Tata Consultancy Services (1.02%), Kotak Mahindra Bank (0.77%), and State Bank Of India (0.69%) were the major losers in the Sensex.

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