Nifty ends at new peak of 10153.10, Sensex rises 151 points

Joy Montgomery
September 22, 2017

The dollar index, which measures the United States currency's strength against major currencies, was trading at 92.579, up 0.08 percent from its previous close of 92.51, the business daily reported.

USA stocks closed at record highs yesterday, 20 September 2017, after the Federal Reserve indicated another rate hike this year was possible and that it would begin the unwinding of its balance sheet next month.

Banks, auto, FMCG and metals stocks pulled the market lower but healthcare stocks outperformed throughout session.

The US Federal Reserve is widely expected to leave interest rates untouched after the two-day policy meeting this week, beginning on Tuesday. The rupee dropped by 53 paise to 64.80 against the U.S. dollar.

Market breadth was in the favour of losers, with about 2 stocks declining to every 1 stock that advanced.

Meanwhile, the benchmark BSE index lower by 30.47 points or 0.09 per cent at 32,370.04.

Reliance Industries jumped as much as 4 percent to an all-time high, while Bharti Airtel slid as much as 6 percent, Idea Cellular Ltd fell 7.5 percent and Reliance Communications Ltd shed up to 4 percent.

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HeromotoCorp fell the most by 2.29 per cent among Sensex scrips.

Separately, Dr Reddy's Laboratories said that it has received an Establishment Inspection Report from the United States drug regulator, for its Formulation Srikakulam Plant (SEZ) Unit II, Andhra Pradesh. Even the audit of CPS facility at Miyapur has been completed by US FDA with no observations.

Dr Reddy's hit pay dirt, surging the most by 7.47 per cent to Rs 2,486.45 after the company said it has received Establishment Inspection Report (EIR) from the USA health regulator USFDA for its formulations manufacturing facility in Andhra Pradesh. Domestic institutional investors (DIIs) bought shares to the tune of Rs 946.23 crore yesterday, according to provisional data.

Sun Pharma, Hindustan Unilever, PowerGrid and ICICI Bank were also on the losing side, falling by up to 1.96 per cent.

Vivimed Labs rose 3 percent as its Hyderabad FDF manufacturing unit was approved & accredited with Good Manufacturing Practice Certificate from Ukraine ministry of Health.

Reliance Capital slipped 3.7 percent ahead of listing of Reliance Home Finance on Friday.

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