BSE benchmark Sensex zoomed over 650 points while the NSE Nifty reclaimed the 10,800 mark on value buying in banking, auto, pharma, IT and FMCG stocks, ahead of the Budget.
After gyrating over 350 points, the benchmark BSE Sensex Tuesday ended 64.20 points lower at 35,592 on mixed cues from global markets amid fresh concerns over US-China trade tiff. The NSE Nifty also edged lower by over 9 points to close at 10,652.
Orient Green Power Thursday reported widening of its consolidated net loss by over 28 per cent to Rs 65.74 crore in the December 2018 quarter. The company's net loss was Rs 51.07 crore in the third quarter of 2017-18, it said in a BSE filing.
The 30-share BSE Sensex dropped 134.32 points to end at 36,444.64, while the broader NSE Nifty finished 39.10 points lower at 10,922.75. Participants were seen taking money off the table after the recent rally.
The Sensex today opened on a positive note during the morning session of the trade. On the other hand, the broader 50-scrip Nifty opened at 10,862.40 points after closing at 10,802.15 points on Tuesday.
BSE benchmark Sensex Friday rallied over 300 points and NSE Nifty reclaimed the 10,800 marks on firm global cues, heavy foreign fund inflow and strengthening the rupee.
The equity benchmark BSE Sensex Thursday rose nearly 200 points in early trade, a day after Shaktikanta Das took charge as the new RBI chief and promised to take all stakeholders along on key policy issues.
Positive global cues along with an ease in global crude oil prices pushed the key equity indices in the green during the mid-afternoon session of trade.
Indian shares edged lower in line with early weakness in Asian peers, due to losses in financials and healthcare stocks, but gains in oil marketers and an upbeat sentiment over a strong set of inflation data helped cap losses.
Drug major Cipla said its subsidiary InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based speciality business firm Avenue Therapeutics for up to USD 215 million (around Rs 1,560 crore).