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Sensex, Nifty consolidate; Lupin Cipla up, Hindalco down

Aug 13, 2015, 01.13 PM | Source: Moneycontrol.com

The rupee breached 65 a dollar, the weakest level since September 2013 on heavy dollar buying by corporates and FIIs. However, exporters sold dollars at the 65 mark, helping the currency pull back slightly from day’s low to trade at 64.91 a dollar, down 14 paise. RBI intervention may also have supported rupee.

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Sensex, Nifty consolidate; Lupin & Cipla up, Hindalco down

The rupee breached 65 a dollar, the weakest level since September 2013 on heavy dollar buying by corporates and FIIs. However, exporters sold dollars at the 65 mark, helping the currency pull back slightly from day’s low to trade at 64.91 a dollar, down 14 paise. RBI intervention may also have supported rupee.

13:00

TheNewsInternational Team

The market gained strength amid consolidation in afternoon trade, supported by banks, FMCG, healthcare and oil stocks. European markets opened higher as investors are eyeing Greek’s third bailout. France’s CAC, Germany’s DAX and Britain’s FTSE climbed 0.6-1.8 percent.

The Sensex rose 158.21 points or 0.58 percent to 27670.47 and the Nifty gained 49.95 points or 0.60 percent at 8399.40. About 1246 shares have advanced, 1343 shares declined, and 129 shares are unchanged on the BSE.

Lupin, Bharti Airtel and Cipla topped the buying list on Sensex, up more than 2 percent.

The rupee breached 65 a dollar, the weakest level since September 2013 on heavy dollar buying by corporates and FIIs. However, exporters sold dollars at the 65 mark, helping the currency pull back slightly from day’s low to trade at 64.91 a dollar, down 14 paise. RBI intervention may also have supported rupee.

The monsoon session is a total washout after all. Both houses of parliament adjourned sine die without any discussion on either the Constitutional Ammendment Bill for GST or the Land Acquisition Bill. However, the government still has the option of recalling a special session of parliament before the winter session.

In a major relief to Nestle India, Bombay High Court set aside the ban on Maggi saying FSSAI will have to justify ban on 6 variants by testing them in three specific labs. Nestle counsel told CNBC-TV18 that they have agreed to High Court’s order. The stock gained 4 percent.

12:00

Sensex, Nifty off day’s high; rupee hits 65/$ , metals down

Cipla, Lupin, Bharti, M&M and Hero are top gainers while Tata Steel, Vedanta, Hindalco abd GAIL are among losers.

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11:00

Nifty nears 8400; Nestle up 5% on HC order on Maggi noodlesRead More »

Cipla, Bharti Airtel, Lupin, Cipla, SBI and Coal India are top gainers in the Sensex. Among the losers are Vedanta, Tata Steel, Hindalco, GAIL and Wipro.

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10:00

Nifty below 8400, Sensex steady; Tata Steel slumps 4%Read More »

Tata Steel, Vedanta, Hindalco, GAIL and Coal India are down 1-4 percent while Bharti Airtel, Lupin, Infosys, Cipla and HDFC Bank are top gainers in the Sensex.

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09:15

Sensex gains over 200pts, Nifty scales 8400; SBI, Bharti upRead More »

Bharti Airtel, Cipla, ICICI Bank, Tata Steel and ONGC are top gainers in the Sensex. Among the losers are TCS, ITC and GAIL.

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