Share markets in India continued the rally and headed for a firm close on positive GDP data for the December quarter and favorable Asian cues. At the closing bell, the BSE Sensex closed higher by 241 points, whereas the NSE Nifty finished higher by 66 points. The S&P BSE Midcap finished up by 0.1% while the S&P BSE Small Cap ended up by 0.5%.
Sectoral indices ended the day on a mixed note with power stocks and energy stocks leading the losses. While, realty and metal stocks were among the top gainers on the BSE.
Asian equity markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 was up 1.44% while China's Shanghai Composite ended up 0.16% and Hong Kong's Hang Seng was up 0.15%. The rupee was trading at Rs 66.84 against the US$ in the afternoon session. Oil prices were trading at US$ 54.21 at the time of writing.
Steel stocks ended the day on a firm note with Tata Sponge and Jindal Saw being the most active stocks in this space. Tata steel share price continued the rally and finished up by 3.7% after it was reported that the company's recently commissioned Ferro-chrome plant at Gopalpur Industrial Park in Ganjam district of Odisha commenced production.
To know more about the company's financial performance, subscribers can access to Tata Steel's latest result analysis (Subscription Required) and Tata steel stock analysis on our website.
Moving on to the news from stocks in pharma sector. According to a report by The Hindu Business Line, in spite of prevailing challenges in the Indian pharma sector, it is expected to grow up to 45% by 2025 and 58,000 additional job opportunities are likely to be created in the industry.
In fact, by 2020, the pharma market will be touching US$ 55 billion with a CAGR of about 15.9%, with generics occupying 70% market share followed by over-the-counter 21% and patented drugs capturing 9% market share.
Read the complete Indian stock market update. For the terms of use, go here
Sectoral indices ended the day on a mixed note with power stocks and energy stocks leading the losses. While, realty and metal stocks were among the top gainers on the BSE.
Asian equity markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 was up 1.44% while China's Shanghai Composite ended up 0.16% and Hong Kong's Hang Seng was up 0.15%. The rupee was trading at Rs 66.84 against the US$ in the afternoon session. Oil prices were trading at US$ 54.21 at the time of writing.
Steel stocks ended the day on a firm note with Tata Sponge and Jindal Saw being the most active stocks in this space. Tata steel share price continued the rally and finished up by 3.7% after it was reported that the company's recently commissioned Ferro-chrome plant at Gopalpur Industrial Park in Ganjam district of Odisha commenced production.
To know more about the company's financial performance, subscribers can access to Tata Steel's latest result analysis (Subscription Required) and Tata steel stock analysis on our website.
Moving on to the news from stocks in pharma sector. According to a report by The Hindu Business Line, in spite of prevailing challenges in the Indian pharma sector, it is expected to grow up to 45% by 2025 and 58,000 additional job opportunities are likely to be created in the industry.
In fact, by 2020, the pharma market will be touching US$ 55 billion with a CAGR of about 15.9%, with generics occupying 70% market share followed by over-the-counter 21% and patented drugs capturing 9% market share.
Read the complete Indian stock market update. For the terms of use, go here
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