Indian shares end marginally higher on consumer, pharma boost

  • 11/15/2021
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BENGALURU, Nov 15 (Reuters) - Indian shares ended marginally higher on Monday after oscillating all day as consumer and pharmaceutical gains were offset by losses in metals, auto and public sector banks. The blue-chip NSE Nifty 50 index (.NSEI) ended 0.04% higher at 18,109.45 and the benchmark S&P BSE Sensex (.BSESN) was up 0.05% to 60,718.7. Among sectoral gainers, Nifty FMCG (.NIFTYFMCG) rose as much as 1.13% before ending 0.94% higher, boosted by shares of alcohol products maker Radico Khaitan (RADC.NS) and cigarettes-to-hotels conglomerate ITC Ltd (ITC.NS) that ended 2.47% and 2.23% higher, respectively. The Nifty Pharma Index (.NIPHARM) climbed 1.61% and ended 1.45% higher, led by Laurus Labs (LAUL.NS) and Gland Pharma (GLAD.NS), which rose 8.53% and 5.16%, respectively. Apollo Hospitals (APLH.NS) jumped to a near two-month high of 10.2% after the company"s net profit and revenue rose in the September quarter. Other gainers on the indexes included government-run Oil and Natural Gas Corporation (ONGC.NS), which ended 2.04% higher, after reporting a near seven-fold jump in second-quarter net profit, and Power Grid Corporation of India (PGRD.NS), which closed 3.46% higher. Metal stocks (.NIFTYMET) ended 1.82% lower, led by losses in Hindalco (HALC.NS), Tata Steel (TISC.NS) and Coal India (COAL.NS), all down between 2.7% and 4.3%. The Indian coal mining company was weighed down by both soft quarterly results and an international deal at the U.N. climate talks in Glasgow to reduce coal use. read more Indian cosmetics-to-fashion platform FSN E-Commerce Ventures Ltd (FSNE.NS), which owns the Nykaa brand, ended 3.3% lower after reporting a 96% slump in quarterly net profit in its first earnings report after market debut. read more SoftBank-backed PolicyBazaar"s parent PB Fintech (PBFI.NS) rose as much as 27% in its market debut as investors bet on India"s under-penetrated insurance market. read more World stock markets edged back towards recent record highs as upbeat economic data from China eased slowdown concerns. ($1 = 74.3620 Indian rupees) Reporting by Vishwadha Chander in Bengaluru; editing by Uttaresh.V and Krishna Chandra Eluri Our Standards: The Thomson Reuters Trust Principles.

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