Read more about Cipla Ltd gains for third straight session on Business Standard. Cipla Ltd is quoting at Rs 922.3, up 2.03% on the day as on 12:49 IST on the NSE. The stock is up 49.58% in last one year as compared to a 64.77% jump in NIFTY and a 47.14% jump in the Nifty Pharma index.
Nifty Realty index closed up 2.15% at 313.8 today. The index is up 4.00% over last one month. Among the constituents, Oberoi Realty Ltd gained 7.23%, Brigade Enterprises Ltd added 3.90% and Godrej Properties Ltd rose 2.24%.
The Nifty Realty index is up 94.00% over last one year compared to the 69.28% surge in benchmark Nifty 50 index. In other indices, Nifty Media index added 2.01% and Nifty Pharma index gained 1.22% on the day. In broad markets, the Nifty 50 has dropped 0.52% to close at 15030.15 while the SENSEX is down 0.58% to close at 49902.64 today.
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Sensex, Nifty lack direction, down marginally
May 19, 2021
Domestic investors remain optimistic owing to a decline in Covid-19 cases
The benchmark indices were trading in the red Wednesday afternoon on profit-taking, dragged by metal, auto and financials.
After opening down marginally, the domestic market was little changed despite weak global markets that were reflecting mounting inflation worries. However, domestic investors remain optimistic owing to a decline in Covid-19 cases in the country.
At 1 pm, BSE Sensex was at 50,127.66, down 65.67 points or 0.13 per cent. It hit an intra-day high of 50,279.01 and a low of 50,015.57. Nifty 50 was at 15,087.45, down 20.65 points or 0.14 per cent. It hit an intra-day high of 15,133.40 and a low of 15,049.65.
Read more about Benchmarks end near day s low; pharma shares climb on Business Standard. The domestic equity barometers ended with steep losses after a volatile session on Wednesday. The Nifty, however, managed to hold the 15,000 mark. Private banks and auto shares corrected while pharma and media stocks were in demand.
After clocking a one-way rally over the past two days, domestic indices took a breather on Wednesday to digest news flow around record Covid-19 fatalities in the country along with global inflation fears. India s daily virus cases rose marginally on Wednesday with over 267,000 fresh cases. With this, the new infection count has remained below the 300,000-mark for the third consecutive day. However, the country reported a national record of 4,529 new deaths which, analysts say, remains a cause of concern. The country has been reporting over 4,000 deaths per day for over a week now. Globally, stocks dipped and cryptocurrencies extended losses as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Investors concerned about rising inflation will be keeping a close eye on the Federal Open Market Committee as it publishes the minutes from its April meeting later today.