#Aurobindo Pharma Archives - The Gulf Indians

Stock market falls for third day

The Gulf Indians — Mon, 25 Jan 2021 12:13:11 +0000

The stock market fell for the third day in a row. On January 25, the Sensex was down 530 points and the Nifty was down 133 points. The Sensex closed at 48347.59 and the Nifty at 14238.90.

Trading started with gains on the back of global signs, but the market saw a reversal. The Nifty rose to 14,491 points in the morning trade.

Today, the market was very volatile. The Nifty declined by over 250 points during the trade. The Nifty fell by 14,218 points.

Reliance Industries, which has the highest weightage in the Nifty, was the biggest loser. Shares of Reliance fell 5.6 per cent. Reliance had released its third quarter results the other day.

On a sector-wise basis, technology stocks were the biggest losers. The Nifty IT index fell 1.7 per cent. At the same time, the Nifty Pharma Index rose 1.7 per cent on the back of gains in shares of Aurobindo Pharma. Shares of Aurobindo Pharma rose 7.87 per cent.

Most stocks in the Nifty lost ground. Out of 50 stocks in the Nifty, 31 lost. Grasim was the biggest gainer among the Nifty stocks. Grasim shares rose 5.87 percent.

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Sensex up 287 points

The Gulf Indians — Tue, 15 Sep 2020 10:50:31 +0000

The BSE benchmark Sensex and Nifty surged on September 15. The stock market was able to make up for the loss of the previous day. The Sensex was up by 287 points and the Nifty by 81 points.

The Sensex closed above 39,000 points and the Nifty closed above 11,500. Volatility was as visible as in the previous days but at no point in trading did it go down from September 14’s closing level.

The Sensex ended at 39,044 points. The Sensex has surpassed the psychological level of 39,000. The day’s low is 38,753 points. Similarly, the Nifty closed at 11,521 points. It had fallen to 11,442 points at one point but closed above 11,500.

Most of the index-based stocks were profitable on the day. Thirty-one stocks in the Nifty gained while 19 lost. Pharma and bank stocks were the main gainers of the day. IndusInd Bank, UPL, Cipla, Bharti Airtel and Axis Bank are the top five gainers in the Nifty. IndusInd Bank rose 4.27 per cent. Shares of UPL, Cipla, Bharti Airtel, Axis Bank, Sun Pharma, Bajaj Finance and ICICI Bank rose more than 2 per cent.

The Nifty Pharma index was up 1.93 per cent. Shares of Lupin, Aurobindo Pharma, Cipla, Biocon, Torrent Pharma and Sun Pharma rose more than 20 per cent. Similarly, Nifty rose by 1.65 per cent. The major gainers were IndusInd Bank, IDFC First Bank, Axis Bank and ICICI Bank. Shares of smallcap continued to rise on the day.

Titan Industries, Maruti Suzuki, ITC, HDFC Life and Asian Paints were the biggest losers in the Nifty.

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Surge in the stock market continues

The Gulf Indians — Mon, 10 Aug 2020 10:59:33 +0000

The stock market closed higher on the first trading day of the week. The Sensex was up 172 points and the Nifty 56 points.

The Sensex closed at 38,212 points on August 10. The Sensex had gained over 38,430 points during trading. The Nifty closed at 11,270. It had touched 11,337 points during the trade. Profit booking did not allow the Nifty to remain above 11,300.

Pharma stocks were the main gainers on the day. Cipla’s quarterly results released on August 7 led to a rise in pharma stocks. Shares of Cipla rose 9.5 per cent on August 10.

Similarly, Nifty rose by 5.5 per cent on the day. Shares of Divis Lab, Cipla, Lupine, Sun Pharma, Aurobindo Pharma and Dr Reddy’s Lab all hit 52-week highs on August 10.

Automobile stocks also gained today. Cipla, Mahindra & Mahindra, L&T, Tata Motors and Sun Pharma were the top five gainers in the Nifty. Mahindra & Mahindra hit a 52-week high.

The top five losers in the Nifty were Eicher Motors, Asian Paints, Maruti, BPCL and Reliance Industries. Eicher Motors lost 2.19 per cent and Asian Paints 1.23 per cent.

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Market snaps winning streak

The Gulf Indians — Wed, 08 Jul 2020 12:46:34 +0000

After surging for the fifth day, the stock market faced losses on July 8. Sensex saw 345 points loss and ended trading at 36,329 points.
Nifty faced loss of 94 point and closed at 10,705 points. During trading Nifty rose till 10,845 points.
On the last three days of trading last week and the first two days of this week, the market had registered gains. But it could not sustain that gain on July 8. Unable to break the 10,800-point barrier, the market saw booking of profits on the day.
In the 50 share Nifty Index, only 14 stocks gained on the day. Zee Limited. Bajan Finance, Tata Motors, Asian Paints and HCL Technologies were the shares that brought losses to the market.
IndusInd Bank, Vedanta, JSW Steel, Hindalco and Dr. Reddy’s are the shares that registered most gains. Of the five Nifty shares, that of IndusInd Bank gained 4.42%.
Automobile shares faced huge losses. Nifty auto index crashed 2.02%. Shares of Maruti Suzuki, Tata Motors and TV Motors saw over 3% loss.
At the same time Pharma shares put up an average show, Aurobindo Pharma rose over 3%.

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Sensex closes above 35,000 on July 1

The Gulf Indians — Wed, 01 Jul 2020 12:23:03 +0000

Web Desk

The surge in the stock market continued with the Sensex gaining 498 points and end the trade above 35,000. The Sensex rose till 35,467.23 points and closed at 35,414.45.
Nifty rose 127.95 points and closed at 10,430. During the day Nifty rose till 10,477.05Even though the index gained, 23 of the 50 share Nifty index registered losses during the day.
Banking and Finance shares energised the surge in the market. Axis Bank, HDFC, Bajaj Finserve, UPL and ITC were the five Nifty shares that registered the best gains on the day. Axis bank made a gain of more than 6%.
The Nifty Bank index rose 2.83 per cent. Bank of Baroda, PNB and Federal Bank gained over 4%. At the same time the performance of the Pharma shares was weak on the first day of the month. Except of Aurobindo Pharma all pharma shares were trading at a loss.
NTPC, Nestle India, L&T, Sree Cements and Cipla are the five Nifty shares that registered huge losses.

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