Share markets in India continued their upward climb in afternoon trade. At the closing bell, the BSE Sensex closed higher by 217 points. While, the NSE Nifty finished higher by 51 points. Meanwhile, the S&P BSE Midcap Index and the S&P BSE Small Cap Index both ended up by 0.3%.
Barring metal stocks, healthcare stocks and realty stocks, all sectoral indices finished the day in green with information technology sector and FMCG sector witnessing maximum buying interest.
Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.53% and the Shanghai Composite rose 0.39%. The Nikkei 225 lost 0.62%. European shares fell today. The exporter-dominated German DAX index dropped 0.2%. The pan-European STOXX 600 index was down 0.1%, after falling 1% on Friday as the strong euro weighed on earnings.
The rupee was trading at Rs 64.45 against the US$ in the afternoon session. Oil prices were trading at US$ 46.07 at the time of writing.
HDFC Bank share price surged 2% on reporting 20.2% increase in its net profit for the June quarter due to higher net interest income and other income. Net profit for the quarter increased to Rs 38.94 billion from Rs 32.39 billion a year ago.
Pharma stocks closed the day on a mixed note with Dishman Pharma and Orchid Pharma Ltd leading the gains. Lupin share price surged 2% before finishing the day on a flat note after it was reported that the company received final approval for its Fluocinonide Topical Solution USP, 0.05% from the United States Food and Drug Administration (USFDA).
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