Sensex gains 110 points

Dhaka,  Sun,  20 August 2017
Published : 04 Aug 2017, 16:50:46
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Sensex gains 110 points

CHENNAI, Aug 4 (The Hindu): The Sensex and Nifty wiped off their losses and were trading higher by nearly 0.5 per cent on heavy buying in consumer durables, metals, PSU and oil & gas stocks amid weak European cues.

At 2.35 p.m., the 30-share BSE index Sensex was up 109.77 points or 0.34 per cent at 32,347.65 and the 50-share NSE index Nifty was up 51.4 points or 0.51 per cent at 10,065.05.

among BSE sectoral indices, consumer durables was the star-performer and was up 4.00 per cent, followed by metal 2.19 per cent, PSU 1.52 per cent and oil & gas 1.05 per cent, while only healthcare index was down 0.87 per cent.

Healthcare stocks were down after the US health regulator found quality lapses at a facility of Biocon Ltd.

The findings of the US Food and Drug Administration mark another blow to the Indian pharmaceutical industry, which has faced regulatory sanctions and warnings over quality control to inadequate standards.

 
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