Indian shares pause after record rally; TCS slides
Indian shares pause after record rally; TCS slides
Sensex breaches 32000 mark for first time
15 July, 2017, 01:44
The Sensex ended in red, down 0.05% at 32,020.75 points and the broader Nifty 50 too closed down 0.05% at 9,886.35 points.
The benchmark equity indices rose by around 2 per cent for the week, their biggest weekly gain since mid-March, Reuters reported. On Thursday, the index breached the 32,000-point-mark for the first time.
The Sensex slipped under the crucial 32,000-mark by losing 40 points while the Nifty cracked below 9,900 after hitting the threshold for the first time ever.
Markets recovered from the day's low on Friday post the announcement of WPI inflation data. Bank Nifty turned positive after the release of data and ended 0.21 per cent higher at 23,937.70. The IT stocks dragged the indices throughout the day's trade, with Wipro (down 1.97%), TCS (down 1.76%), Infosys (0.6%).
Pharma stocks also saved the day with shares of Biocon scaling to lifetime high at Rs 404 and Aurobindo Pharma, up 5.85 per cent at Rs 745.70.
Indian equities ended flat on Friday erasing earlier gains. It surpassed its previous intra-day high of 9,897.25 touched yesterday.
ITC was the top gainer among the pack surging 3.03 per cent.
BSE IT bled the most, losing 0.95 per cent in trade.
Shares of TCS ended almost 2 per cent lower today, wiping out Rs 8,661 crore in market valuation, after the company reported a 5.9 per cent decline in consolidated net profit for the April-June quarter.
Biocon soared nearly 9 percent after its biosimilar breast cancer drug Trastuzumab received endorsement from the U.S. FDA's advisory committee.
At NSE, shares of the company went down by 2 per cent to close at Rs 2,397.45.
China has slashed imports of coal from North Korea even as overall trade between the countries continues to rise. I also support increasing sanctions against China and Chinese companies that support the Kim regime.
The Athletics transferred him to the 60-day disabled list prior to the All-Star break when his rehab process was stalled. Pineda went for tests on Saturday, the day after telling the Yankees about the pain, and the injuries were discovered.
Revenue grew 1.7% to Rs 17,078 crore in the first quarter of 2017-18 as against Rs 16,782 crore in the year-ago period. Its Q1 revenues grew sequentially by 3.2% in United States dollars terms and 2.7% in constant currency terms.
This isn't the first time people on the internet have floated rumors of Kid Rock running for the Senate. The singer would only confirm that the site is real, but has not outright said he's entering the race.
However, this wider release of the demo may do the game more favors than it did when originally debuted. PlayStation 4 and Xbox One users can access Mass Effect: Andromeda trials here, and here respectively.
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The family party followed by vehicle and mourners wearing football strips followed on foot and by coach. Speakers will broadcast the funeral service to people unable to be accommodated within the church.
"And I said, 'that makes it really hard, because now you're not giving me the reason I needed to say no". The first film adaption, Planet of the Apes , was a critical and commercial hit in 1968.
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Explosive material found in India's provincial assembly
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Nokia 8 And Nokia 9 Processors Leaked
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First Pic Released For The Walking Dead Season Eight
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Kovind thanks BJD for supporting him
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Sinkhole swallows Florida home, prompts evacuations
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Vettel says Shield made him "dizzy" in test run
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