Home / Business / Money / Nifty ends above 8500, Sensex up 518 pts; PSU banks lead

Nifty ends above 8500, Sensex up 518 pts; PSU banks lead

Aug 14, 2015, 04.19 PM | Source: Moneycontrol.com

The Sensex was up 517.78 points or 1.9 percent at 28067.31 and the Nifty was up 162.70 points or 1.9 percent at 8518.55. About 1795 shares have advanced, 1057 shares declined, and 129 shares are unchanged.

Like this story, share it with millions of investors on M3

Nifty ends above 8500, Sensex up 518 pts; PSU banks lead

The Sensex was up 517.78 points or 1.9 percent at 28067.31 and the Nifty was up 162.70 points or 1.9 percent at 8518.55. About 1795 shares have advanced, 1057 shares declined, and 129 shares are unchanged.

16:00

TheNewsInternational Team

Ahead of Independence day, the market ended with a bang with great support from banks, auto, IT, pharma and infra stocks. The midcaps did even better with the index rallying over 2 percent.

The Sensex was up 517.78 points or 1.9 percent at 28067.31 and the Nifty was up 162.70 points or 1.9 percent at 8518.55. About 1795 shares have advanced, 1057 shares declined, and 129 shares are unchanged.

Vedanta, ICICI Bank, SBI, Reliance and HDFC were top gainers while Dr Reddy’s Labs and Infosys were losers in the Sensex.

PSU banks lead the rally on Dalal Street as the Finance Minister Arun Jaitley is expected to announce a slew of measures including capital infusion details, new appointments and ways to tackle bad loans.

Wholesale prices contracted for the ninth straight month. July WPI declines faster-than-expected to minus 4.05 percent due to weak food and fuel prices. This is the lowest level since June, 1976.

International markets may have been thrown into a turmoil after China’s sudden move to devalue the yuan but the Chinese currency could not have been sustaining itself at such high levels says Marc Faber, author of Gloom Boom & Doom report. The move could just give the US Federal Reserve another opportunity to hold on to all key rates for now.

For the whole week, the Sensex was down 0.6 percent, Nifty slipped 0.5%. Midcap index was down 1.4 percent, BSE Smallcap index was down 2.8 percent. Among the other indices, Metals was down 10 percent, Oil & Gas was down 5 percent while IT was up 4 percent, Pharma gained 3.1 percent.

14:00

Sensex soars 518pts, Nifty ends at 8518; SBI, Reliance up

Vedanta, ICICI Bank and HDFC rallied 4 percent while SBI and Reliance were other top gainers in the Sensex. Infosys and Dr Reddy’s Labs were among top losers.

Read More »

13:00

Nifty holds 8500, Sensex steady; Mid & Smallcap in top gearRead More »

Vedanta, Reliance, Bajaj Auto, Sun Pharma and HDFC are top gainers while Dr Reddy’s Labs, Axis Bank and Coal India are among losers in the Sensex. Midcap and Smallcap indices are also rallying.

Read More »

12:00

Nifty hits 8500, Sensex climbs over 400 pts; banks, auto upRead More »

Vedanta, Sun Pharma, Reliance, Bajaj Auto and HDFC are top gainers while GAIL, Dr Reddy’s Labs, Axis Bank and Bharti are among laggards.

Read More »

11:00

Sensex soars over 300pts, Nifty above 8450; Reliance up 2%Read More »

Vedanta, Sun Pharma, Bajaj Auto, Reliance and HDFC are top gainers while Axis Bank, GAIL, HUL and Tata Motors are losers in the Sensex.

Read More »

10:09

Sensex, Nifty continue to rise; Axis Bank, GAIL, HUL dragRead More »

Bharti Airtel is up over 2 percent while Sun Pharma, Cipla, Lupin and Vedanta are top gainers in the Sensex. Among the losers are Axis Bank, GAIL, HUL, Tata Motors and Tata Steel.

Read More »

09:15

Nifty at 8400, Sensex up over 100 pts; pharma stocks rallyRead More »

Sun Pharma, Cipla, Lupin, Bharti Airtel, Bank of Baroda, Idea Cellular and Infosys are top gainers, while Tata Steel, Gail India, Axis Bank and Hindalco are the top losers on the indices.

Read More »

RELATED NEWS

  • Sensex soars 518pts, Nifty ends at 8518; SBI, Reliance up
  • Prefer SBI from PSU banking space: Mayuresh Joshi
READ MORE ON  BSE, Sensex, Nifty, NSE, market, bull, independence, banks, SBI, reliance, BHEL, Hindalco, Jet, WPI, Infosys
Previous Buy Petronet LNG; target of Rs 225: ICICIdirect
Next E-commerce firms to focus on brand loyalty this I-Day

  • Stocks in news: Tata Steel, Ashok Leyland, PC Jeweller, IRB

  • Maggi fiasco: Consultant says Nestle should sue Indian govt

  • Faber: Yuan devaluation is completely meaningless

  • Air India Kabul flights, BJP offices warned of attacks

  • July WPI worsens to -4.05%, rate cut hopes up

  • Tata Steel shareholders clear proposal to raise Rs 10k cr

  • Bull’s Eye: Buy Rallis India, Ceat, Voltas, HPCL, Nilkamal

  • Marc Faber lists the biggest threats to global economy

  • Rule out inter-policy RBI rate cut; like IT: Mizuho Bank

  • Super Six: Top chart picks for August 14

  • Steel sector under pressure; China main culprit: Tata Steel

  • Jaitley to detail PSB recapitalisation plan today

  • Hindalco Q1 net falls 67% to Rs 107 cr; income rises

  • Sebi lays out cyber security policy for exchanges

  • Media watchdog seeks probe into death of Indian journalist

  • GST Bill will ‘definitely’ be passed: Prakash Javadeker

  • NTPC in talks to buy power generating assets in 4 states

  • July WPI worsens to -4.05%, rate cut hopes up

  • Tata Sons to increase AirAsia India stake to 41%

  • Lenders approach DRT to recover Kingfisher Airlines’ loans

video of the day

Yuan a worry; PSBs arbitrage play, load pharma: Dimensions

news videos

  • Expect 30% growth in topline and bottomline in FY16: NBCC

  • Rule out inter-policy RBI rate cut; like IT: Mizuho Bank

  • Strong Q1 as Chinese imports don’t impact co: TVS Srichakra

  • Like Infosys, TCS in IT; see value in Tata Motors: Choksey

Leave a Reply

Scroll To Top