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MARKET UPDATES

 

Late buying helped benchmark indices to close the first day of May series near days high level with Nifty finished above 11,750 mark. At close, the Sensex was up 336.47 points at 39067.33, while Nifty was up 112.90 points at 11754.70.

 About 1085 shares have advanced, 1410 shares declined, and 153 shares are unchanged. Tata Steel, BPCL, GAIL, ICICI Bank and JSW Steel were the top gainers on the Nifty, while losers include Tata Motors, Bajaj Auto, Grasim Industries, Dr Reddy’s Labs and Bharti Airtel.

Among the sectors, except auto all other sectors ended in green led by metal, bank, energy, IT, pharma and FMCG.

Mahindra Industrial Park Chennai (MIPCL), an indirect subsidiary of the company and a joint venture between Mahindra World City Developers and Sumitomo Corporation of Japan, announced the inauguration of ORIGINS, Industrial Cluster on the NH16 corridor near Pinner, Chennai.

Torrent Pharmaceuticals shares gained 2.6 percent intraday after its Ahmedabad unit received certain observations from the US health regulator.

Ahmedabad-based Pharma Company informed exchanges that the US Food and Drug Administration has conducted an audit at its Indrad plant in current month. The USFDA has issued certain observations to plant.

Torrent Pharma said these observations are procedural in nature and it is confident of addressing them satisfactorily.

 

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