Indian benchmark indices ended the volatile day in green after shedding 2% on Monday. 50 stocks index Nifty crossed the psychological level of 6000 but ended at 5995 up by 15 points while 30 stocks index Sensex closed at 19722 gaining 30 points.
April WPI inflation hits the 41 months low, pulled down to 4.89 per cent against 5.96 per cent in March. Ranbaxy Labs recouped its morning losses and closed in green despite the company agreed to pay USD 500 million as settlement against the felony charges related to drug safety. Dr Reddy’s consolidated net profit for the Jan-Mar quarter was at Rs 571 crore compared to Rs 343 crore in the year-ago period.
Among the sectoral indices CNX Media surged 1.38% and was the biggest gainer of the day meanwhile, CNX Realty was the biggest loser of the day down by -0.48%.
Out of 50 stocks of Nifty 33 stocks advanced, 16 declined and 1 remain unchanged.
Top 5 Nifty gainers: Ranbaxy (3.55%) was the top gainer followed by BOB (2.17%), Sunpharma (2.02%), Powergrid (1.92%) and ONGC (1.89%).
Top 5 Nifty losers: Dr. Reddy plunged -2.38% and became the top loser. Laggards included Bajaj Auto (-2.05%), HCL (-1.92%), BHEL (-1.05%) and JP Associate (-0.88%).
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