Science

Sensex, Nifty at day's high; Cipla, TCS stocks gain

Sensex, Nifty at day's high; Cipla, TCS stocks gain”

Inflation based on wholesale prices eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Gruh Finance gained 5% after the board also recommended a dividend of Rs3.30 per equity share of face value of Rs2 each for the financial year ended March 31, 2018.

The benchmark BSE Sensex was trading 50 points, or 0.15% lower on Monday morning, recovering from its sharp losses in opening trade which saw the gauge plunge by almost 300 points, amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

Infosys followed Tata Motors and lost over 3.10% at 1,132 level after the firm cut its margin guidance for FY19, and disclosed plan to sell Panaya and Skava during its Q4 earnings announcement on Friday.

The index had risen 1,173.88 points in the past seven sessions. The stock was the biggest contributor to the losses on BSE Sensex.

BSE Sensex zoomed over 112.78 points at 34,305.43 and the NSE Nifty climbed 47.75 points to 10,528.35.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,944.73 points, traded at 34,116.08 points - down 76.57 points or 0.22 per cent from its previous session's close.

Top gainers included Cipla, Grasim UPL, Hero Motocorp, Ktak Mahindra, Adani Ports, M&M, Bajaj Auto and Lupin while Tata Motors, Tata Motors (D), Infosys, Wipro, ONGC, Idea Cellular and SBI were some of the stocks that declined.

The rupee fell 20 paise to 65.40 against the USA dollar in early trade on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.



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