Sensex ends 136 points higher; healthcare, FMCG stocks jump

Our Bureau |Agencies | | Updated on: Dec 06, 2021

bse

The Sensex and the Nifty rose on Tuesday, snapping a two-day losing streak, as window-dressing at the end of the month and the quarter propped up shares even as the overall sentiment remained weak because of continued concerns about a Greek default.

The 30-share BSE index Sensex ended higher by 135.68 points or 0.49 per cent at 27,780.83 and the 50-share NSE index Nifty ended up by 50.1 points or 0.6 per cent at 8,368.50.

Among BSE sectoral indices, healthcare index gained the most by 2.11 per cent, followed by FMCG 2.02 per cent, consumer durables 1.9 per cent and metal 1.73 per cent. On the other hand, IT index was down 0.83 per cent, followed by infrastructure 0.33 per cent and TECk 0.26 per cent.

Top five Sensex gainers were Coal India (+3.11%), Tata Steel (+3.04%), Lupin (+2.97%), Sun Pharma (+2.89%) and HUL (+1.82%), while the major losers were TCS (-1.59%), Wipro (-1.41%), GAIL (-1.28%), ICICI Bank (-1.08%) and Hero MotoCorp (-1.07%).

Software exporters such as Tata Consultancy Services fell today after revenue warnings by some of its smaller rivals, while Sun Pharmaceutical Industries rose after Credit Suisse said the company has raised prices of some drugs.

Companies including Tech Mahindra, Persistent Systems and KPIT Technologies have warned that revenue would be lower than expected in the April-June quarter due to delay in capex at key clients and cross-currency shifts.

Quarterly loss

The NSE fell 0.77 per cent for the month, which was marked by a second consecutive monthly sales by foreign investors. That sent the index down 1.44 per cent for April-June, the first quarterly fall since July-September 2013 when India was in the midst of a currency crisis.

Similarly, the BSE index fell 0.17 per cent in June and declined 0.63 per cent for the April-June quarter.

Global markets

European stocks fell again on Tuesday, extending the previous session’s decline as Greece looked set to default on an international loan ahead of a weekend referendum that could pave the way for its exit from the euro.

The pan-European FTSEurofirst 300 index was down 1 per cent at 1,515.51 points by 0743 GMT, extending falls after a 2.8 per cent slump on Monday. The Euro STOXX 50 fell 0.9 per cent.

Asian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched towards defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation’s exit from the euro zone.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent, while Japan’s Nikkei stock index added 0.2 per cent.

US stock futures were up about 0.2 per cent in Asia, suggesting that a semblance of stability could return to markets after steep losses in the previous session.

Published on June 30, 2015
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