Equity indices in positive terrain, Dr Reddy's top gainer

ANI
16 Sep 2020, 16:48 GMT+10

Mumbai (Maharashtra) [India], Sep 16 (ANI): Equity benchmark indices traded higher in the afternoon session on Wednesday while Asian stocks were flat ahead of the US Federal Reserve's view on the economy.

The BSE SP Sensex closed 259 points or 0.66 per cent at 39,303 while the Nifty 50 gained by 83 points or 0.72 per cent at 11,605.

Except for Nifty media and PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty realty gaining by 2.2 per cent, pharma by 2 per cent and auto by 1.5 per cent.

Among stocks, Dr Reddy's jumped by 4.44 per cent to close at Rs 4,639.60 per share after it announced cooperation with Russian Direct Investment Fund (RDIF) to conduct clinical trials and distribute Sputnik V vaccine in India for treatment of COVID-19.

MahindraMahindra accelerated by 4 per cent to Rs 638.05 per share while Bajaj Auto moved up by 3.5 per cent and Tata Motors by 1.7 per cent.

Realty major DLF spurted by 5.2 per cent to close the day at Rs 163.60 per share while Prestige Estate Projects gained by 3.9 per cent and Oberoi Realty by 3 per cent.

However, those which lost were IndusInd Bank, Axis Bank, State Bank of India, JSW Steel, Bharti Airtel and ONGC.

Meanwhile, Asian shares were mixed as investors awaited the Federal Reserve's view on the economy at its policy meeting.

Japan's Nikkei was up by 0.09 per cent as Yoshihide Suga was formally voted as the country's next prime minister.

Hong Kong's Hang Seng was down by 0.03 per cent and South Korea's Kospi by 0.31 per cent. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

null in null

Lifestyle

Section

Drink-driving targeted in long weekend crackdown

Irish drivers warned of continuing bliz on drink drivers this weekend

DUBLIN, Ireland - An Garda Siochana and the Road Safety Authority (RSA) are urging motorists to avoid driving under the influence of...

Man not the product of evolution, world-acclaimed naturalist argued

How Dr James Bell Pettigrew became spellbound about spirals

One halcyon spring day in 1903, the 69-year-old anatomist and naturalist Dr. James Bell Pettigrew sat at the top of a sloping street...

New York office market rebounds as big investors hunt for deals

NYC workers' return to office ignites hopes in real estate market

NEW YORK CITY, New York: New York's office market is showing signs of a comeback as major investors, including Blackstone, scout for...

Balochistan: Pakistani forces 'abduct' two Baloch students in Quetta

Balochistan [Pakistan], March 16 (ANI): Pakistani authorities and intelligence agencies have allegedly been involved in the forced...

MQM leader Altaf Hussain urges Pakistan for national reconciliation, new social contract

London [UK], March 16 (ANI): MQM Supremo Altaf Hussain has urged Pakistan to acknowledge its past mistakes, seek national reconciliation,...

Sikandar: Makers of Salman khan-Rashmika starrer action-drama drop BTS video from song shoot

Mumbai (Maharashtra) [India], March 16 (ANI): As superstar Salman Khan's upcoming action thriller Sikandar is set to hit theatres this...

International

Section