Sensex up 150 pts as stocks rebound

epic_research

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Oil and realty stocks continue to trade firm on the Indian bourses, where the key indices Sensex and the Nifty are now up in positive territory, after having spent a long time in the negative zone following a weak start.

Healthcare, cement and FMCG stocks are among the other notable gainers. Capital goods stocks too have edged higher now. Automobile, FMCG, consumer durables and power stocks are off their lows.

The Sensex is up over 150 points or 0.52% at 29,713.40 and the Nifty is up 40 points or 0.44% at 8954.30.

Dr Reddy’s Laboratories is up nearly 4%. The pharma major reported consolidated net profit of Rs 574.53 crore, down 7.09% from the year ago period.
HDFC is down nearly 2.5% despite reporting an increase of 11.5% in third quarter net profit, as compared to the corresponding quarter last year.

BPCL has moved up 4.3%. Hindustan Petroleum Corporation is up over 6% and Indian Oil Corporation is adding 3.3%.

Lupin, HDFC Bank, Ambuja Cements, BHEL, ITC, ACC, Reliance Industries, DLF and Sun Pharmaceutical Industries are up 2% – 3%.

Jindal Steel & Power, Hindalco, Tata Motros, Axis Bank, Larsen & Toubro, Hindustan Unilever and Grasim Industries are also notably higher.
 
 
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