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Jun 11, 2018 03:46 PM IST | Source:

Closing Bell: Market ends with marginal gains, Nifty below 10,800; Bharti Airtel, Sun Pharma top gainers

Among sectoral indices, pharma, metals and IT stocks are trading higher, while midcaps, too, are seeing good gains.

  • Jun 11, 03:37 PM (IST)

    Market Close: Benchmark indices erased all its morning gains in the final hour of trading as some selling pressure was seen in metal, energy, realty stocks which pulled the Nifty below 10,800. 

    The Sensex was up 39.80 points at 35,483 and the Nifty up 19.30 points at 10,787. The market breadth was positive with about 1517 shares have advanced, 1162 shares declined, and 151 shares are unchanged.

    Bharti Airtel, Sun Pharma, IndusInd Bank, Maruti Suzuki and Dr Reddys Labs are the top gainers on the Sensex.

  • Jun 11, 03:14 PM (IST)

    Tata Power bags solar PV project: Tata Power’s 100% subsidiary Tata Power Renewable Energy (TPREL) has won a 150 MW Solar PV project on the long term basis in Maharashtra.

    TPREL has received the letter of award to develop the project and will sign a 25 year power purchase agreement (PPA) with the Maharashtra State Electricity Distribution (MSEDCL).

    PPA signed will be subject to the approval of the Maharashtra Electricity Regulatory Commission (MERC) with applicable tariff.

  • Jun 11, 01:55 PM (IST)

    Buzzing: Ajmera Realty rose 7 percent as company through its wholly owned subsidiary acquired land at Electronic City-2, Bengaluru.

    The company acquired 5.5 acres of land at Electronic City-2 which has a potential to develop 5.5 lakhs square feet, which may generate revenue of approximately Rs 300 crore in three years span.

    All statutory approvals are in place and this project may be launched by next quarter. 

  • Jun 11, 12:46 PM (IST)

    Market Check: Benchmark indices have maintained their strong momentum from the morning, with the Sensex soaring almost 200 points, while the Nifty is firmly above 10,800. Bulls are placing bets on banks, pharmaceutical names, along with FMCG and auto sectors.

    In the broader markets, midcaps are trading higher, up almost one percent on Nifty Midcap index. Bharti Airtel, Dr Reddy’s Labs, and Bajaj Finance are the top gainers, while Power Grid, Tata Steel and HCL Tech lost the most.

  • Jun 11, 12:34 PM (IST)

    Market Update: The market is holding its morning gain with Nifty trading firmly above 10,800 mark.

    The Sensex up 170.75 points at 35614.42, and the Nifty up 57.50 points at 10825.20. About 1556 shares have advanced, 817 shares declined, and 140 shares are unchanged. 

    Bharti Airtel, Adani Ports, Asian Paints, IndusInd Bank, SBI, Bajaj Finance, UltraTech Cement and Grasim Industries are the top gainers on the indices.

  • Jun 11, 12:22 PM (IST)

    L&T Construction wins orders:  The construction arm of L&T has won orders worth Rs 2210 crore across two business segments.

    Water and effluent treatment business has secured orders worth Rs 2044 crore. 

    At 12:20 hrs Larsen & Toubro was quoting at Rs 1,348.00, up Rs 4.40, or 0.33 percent.

  • Jun 11, 11:46 AM (IST)

    Natco Pharma rose 3.6 percent as company has launched a generic version of Posaconazole Injection, 300 mg/16.7ml, under its brand POSANAT.

    This is the first time an injection version of this drug available in India.

    ​Posaconazole injection is an antifungal agent & used in patients who are at high risk of developing infections due to being severely immunocompromised, such as associated with stem cell transplant or from chemotherapy.

  • Jun 11, 11:21 AM (IST)

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