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Positive global
sentiment lifted pharma and information technology stocks on Monday.
Consequently, markets ended in the positive
territory.Encouraging Chinese GDP data for April-June quarter boosted
investors' sentiment as it suggested the world’s second-biggest economy may be
starting to stabilise.The S&P BSE Sensex settled 160 points, or 0.41 per
cent, higher at 38,897 levels with Infosys, Sun Pharma, Tech Mahindra and
Maruti being the top gainers. On the contrary, IndusInd Bank, L&T, ITC and
Bharti Airtel were the top laggards. The broader Nifty50 too settled with gains
of 36 points, at 11,588 levels. In the broader market, the S&P BSE
MidCap settled 88 points, lower at 14,466 levels while the
S&P BSE SmallCap closed 87 points lower at 13,689 levels.Sectorally,
Nifty IT was the biggest gainer, closing nearly 3 per cent higher while Nifty
Pharma index closed 1 per cent up. Among the laggards,.Buzzing stocks Allahabad Bank tanks 15% after reporting Rs 1,775 cr fraud
by Bhushan PowerInfosys jumps over 5% on healthy Q1 results, other IT stocks
rise too Indoco Remedies slips
12% on warning letter from USFDA for Goa plant Avenue Supermarts surges 6% after reporting strong
numbers for June quarter
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