INSUBCONTINENT EXCLUSIVE:
Gains in banking, financial services and pharmaceutical shares supported the markets
Domestic stock
markets started Thursday's session on a strong note, breaking a five-day losing streak, amid gains in Asian peers
The S-P BSE Sensex index added as much as 322.22 points to 38,169.87 in the first hour of trade, and the NSE Nifty benchmark touched
11,361.40, up 90.1 points from the previous close
Analysts pointed to a short-covering rally for upmove in todays session after five days of losses
Meanwhile, gains in banking, financial services and pharmaceutical shares supported the markets
However weakness in metal and energy counters capped the upside for the benchmarks
Analysts say some caution can be expected ahead of the expiry of monthly derivatives contracts due by the end of the session
Here are five things to know about the stock markets today:At 9:57 am, the Sensex traded 308.15 points - or 0.81 per cent -
higher at 38,155.80 while the Nifty was up 85.80 points - or 0.76 per cent - at 11,357.10.Top percentage gainers on the 50-scrip index at
the time were Bharti Infratel, Cipla, IndusInd Bank, UltraTech Cement, Dr Reddy's , Sun Pharma and HDFC, trading between 1.39 per cent and
There has been reasonable correction in past two months," AK Prabhakar, head of research at IDBI Capital, told TheIndianSubcontinent.The
row after the International Monetary Fund cut its 2019 and 2020 growth forecasts for India."After 19 months of correction, there is an
cent respectively in early deals on Thursday
TheIndianSubcontinent.com
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