November 05, 2024 15:57 (IST)
Follow us:
Positive global cues help Indian benchmarks to post gains after three days of loss
Mumbai, Feb 4 (IBNS) Positive global cues helped the Indian benchmark indices halt their three-day downward spiral and end Thursday on a positive note with the Sensex climbing 115.11 points to close at 24338.43 and the Nifty moving up 42.20 points to end at 7,404.
The market rebounded during the early hours of trade on Thursday but trimmed its gains in the last hour before closing.
Investors in Indian pharma stocks are concerned about media reports that say that the US government is making it mandatory for Active Pharmaceutical Ingredients (API) to be manufactured locally; the decision is likely to impact drug exports.
Among the leading companies that made it to the gainers' list are Vedanta. Cairn India, Tata Motors, Hindalco and ONGC. Companies that saw a dip in their share prices were Lupin, NTPC, Cipla, Bajaj Auto and SBI.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Xiaomi India president Muralikrishnan resigns as brand aims to reclaim smartphone market leadership Tue, Nov 05 2024
Noel Tata joins Tata Sons board, becomes first Tata family member since 2011 to serve on both boards at once Tue, Nov 05 2024
India's diesel market signals warning as growth slows down Tue, Nov 05 2024
Mahindra debuts Electric Origin SUVs Mon, Nov 04 2024
FPIs withdraw Rs 94,000 crore from Indian equities in October in worst monthly outflow Mon, Nov 04 2024
Telangana: Swiggy fined Rs 35,000 for inflating delivery distance to overcharge customers Mon, Nov 04 2024
Swiggy IPO set to hit the Street on Nov 6: Key things to know before subscribing to the issue Mon, Nov 04 2024
Oil prices rise by over $1 as OPEC+ delays output hike Mon, Nov 04 2024