The Sensex of the BSE, which opened at 31,975.59 points, was trading at 32,009.63 points (at 1.23 p.m.) - higher by 85.22 points or 0.27 per cent from the previous day's close at 31,924.41 points. USA stocks reacted mutedly to the minutes of the most recent Federal Reserve policy meeting, according to a Reuters report.
Out of 1,941 stocks traded on the NSE, 367 declined, 1100 advanced and 474 remained unchanged today. Good demand on consumer stocks on arrival of festival season and ecstasy on pharma stocks amid positive regulatory approvals fuelled the market. "Market heavyweights TCS and Reliance Industries are slated to post results later this week", said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.
Foreign portfolio investors (FPIs) kept on offloading shares worth net Rs 107.95 crore yesterday, showed provisional data from exchanges. Both indexes ended at their highest since September 21.
K2M Group Holdings, Inc. (NASDAQ:KTWO) Under Analyst Spotlight
The stock of K2M Group Holdings Inc (NASDAQ: KTWO ) has "Outperform" rating given on Thursday, August 17 by Cowen & Co. The company had revenue of $65.70 million for the quarter, compared to analyst estimates of $66.26 million.
The BSE Mid-cap Index is trading up 0.55% at 16,024, whereas BSE Small-cap Index is trading up 0.61% at 16,996.
In the Sensex kitty, Sun Pharma topped the gainers list by climbing 2.42 per cent to Rs. 538.50 after the company said it has received establishment inspection report (EIR) from the USA health regulator for its Dadra facility.
This is unedited, unformatted feed from the Press Trust of India wire.