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MARKET WRAP: RIL, HDFC Bank help Sensex settle 466 pts higher; pharma slips

  • July 06, 2020

Broader market, too, participated in the rally. The SP BSE MidCap index gained 1.27 per cent to 13,458 levels while the SP BSE SmallCap rallied 1.3 per cent to 12,767 points. 

On the sectoral front, barring Nifty Pharma, all the other indices on the NSE ended in the green. Nifty Auto climbed 2.88 per cent and the Nifty Bank rose 1.59 per cent. Nifty Realty ended over 3 per cent higher. 

BUZZING STOCKS

Real estate developer Sobha ended nearly 5 per cent higher after the company said it managed to clock 70 per cent of sales volume during Q1 2021 as compared to Q4 2020. 

National Fertilizers (NFL) hit a 20 per cent upper circuit of Rs 36.95 after it said it achieved highest-ever fertilizer sale of 12.85 lakh metric tonnes (LMT) in Q1 June 2020. This is about 21.5 per cent higher than the sales of 10.57 LMT reported in Q1 June 2019.

Shares of Prism Johnson were frozen at 10 per cent upper circuit band of Rs 48.50 on the BSE on Monday after the company informed that its board has approved divestment of its entire holding of 51 per cent in Raheja QBE General Insurance Company (RQBE).

On the flip side, Marico ended around 2 per cent lower after the company said it has seen a 13-15 per cent decline in revenues for the quarter ended June 2020 (Q1FY20-21). The Q1 contributes 31 per cent to revenues. 

Global markets

Article source: https://www.business-standard.com/article/markets/market-live-sensex-nifty-bse-nse-sgx-nifty-covid-19-hdfc-bank-120070600114_1.html

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