{"id":87208,"date":"2018-08-14T15:31:32","date_gmt":"2018-08-14T15:31:32","guid":{"rendered":"http:\/\/www.bnreport.com\/sensex-snaps-2-day-losing-streak-gains-207-pts-nifty-ends-at-11435\/"},"modified":"2018-08-14T15:31:32","modified_gmt":"2018-08-14T15:31:32","slug":"sensex-snaps-2-day-losing-streak-gains-207-pts-nifty-ends-at-11435","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/sensex-snaps-2-day-losing-streak-gains-207-pts-nifty-ends-at-11435\/","title":{"rendered":"Sensex snaps 2-day losing streak, gains 207 pts; Nifty ends at 11,435"},"content":{"rendered":"<p>NEW DELHI: Rising for the first time in three sessions, equity benchmarks <a href=\"https:\/\/economictimes.indiatimes.com\/indices\/sensex_30_companies\" rel=\"noreferrer\" target=\"_blank\">Sensex<\/a> and <a href=\"https:\/\/economictimes.indiatimes.com\/indices\/nifty_50_companies\" rel=\"noreferrer\" target=\"_blank\">Nifty<\/a> closed higher on Tuesday owing to gains led by bank, energy, metal and FMCG stocks. <\/p>\n<p>Buying was observed in most sectors, as positive inflation numbers influenced market sentiment. A government data on Monday showed that retail inflation fell to a 9-month low of 4.17 per cent in July on declining vegetable prices.  <\/p>\n<p>After hitting a four-year high in June, the WPI inflation ebbed a little to 5.09 per cent in the month of July, official data released on Tuesday showed. <\/p>\n<p>Still, the unabated fall in the rupee remained an overhang. The local currency, in line with other emerging markets currencies, has been in a hole for some time now, as it went past the 70-mark for the first time ever on Tuesday.  <\/p>\n<p>However, the heat on Turkish lira moderated today, as after three weeks of losses, the currency improved a little thanks to the intervention by the country&#039;s central bank.  <\/p>\n<p>Sensex climbed 207 points, or 0.55 per cent, closing the day at 37,852, with 18 stocks advancing and 13 declining. <\/p>\n<p>The Nifty50 settled 79 points, or 0.70 per cent, up at 11,435, with 30 stocks in the green and 20 in the red. <\/p>\n<p>BSE Midcap and Smallcap indices moved up by 0.89 per cent and 0.53 per cent, respectively. <\/p>\n<p>IT and pharma stocks rose on falling rupee. Energy, bank and realty stocks also witnessed decent traction.  <\/p>\n<p>Reliance Industries, <a href=\"https:\/\/economictimes.indiatimes.com\/icici-bank-ltd\/stocks\/companyid-9194.cms\" rel=\"noreferrer\" target=\"_blank\">ICICI Bank<\/a>, Sun Pharma and <a href=\"https:\/\/economictimes.indiatimes.com\/axis-bank-ltd\/stocks\/companyid-9175.cms\" rel=\"noreferrer\" target=\"_blank\">Axis Bank<\/a> emerged as the top contributors to the rally in the market. <\/p>\n<p>However, HDFC twins, Larsen &amp; Toubro, <a href=\"https:\/\/economictimes.indiatimes.com\/hero-motocorp-ltd\/stocks\/companyid-13636.cms\" rel=\"noreferrer\" target=\"_blank\">Hero MotoCorp<\/a> and <a href=\"https:\/\/economictimes.indiatimes.com\/bharti-airtel-ltd\/stocks\/companyid-2718.cms\" rel=\"noreferrer\" target=\"_blank\">Bharti Airtel<\/a> failed to perform. <\/p>\n<p>Surging nearly 7 per cent, Sun Pharma topped the pack of Sensex gainers. The drug major on Tuesday beat Street estimates to report a consolidated profit of Rs 982.51 crore for the June quarter against Rs 424.92 crore loss reported for the corresponding quarter of last financial year.  <\/p>\n<p>Shares of <a href=\"https:\/\/economictimes.indiatimes.com\/allahabad-bank\/stocks\/companyid-12284.cms\" rel=\"noreferrer\" target=\"_blank\">Allahabad Bank<\/a> plunged 6.32 per cent after the bank reported a loss of Rs 1,944 crore for the June quarter. It had earned Rs 29 crore profit in the corresponding quarter last fiscal.  <\/p>\n<p>IDBI Bank on Tuesday reported a net loss of Rs 2,410 crore against Rs 853 crore loss reported for the corresponding quarter of last financial year. Shares of the company closed almost flat.  <\/p>\n<p>Sectoral indices on the BSE were predominantly in the green. Barring, BSE Industrials, telecom, capital goods and power, all went home with gains. <\/p>\n<p>Among the Asian peers, Shanghai SE Composite Index and Hang Seng closed in the red, whereas Nikkei jumped over 2 per cent. <\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/sensex-snaps-2-day-losing-streak-gains-207-pts-nifty-ends-at-11435\/articleshow\/65402104.cms\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/img.etimg.com\/photo\/60278104.cms\"\/><\/p>\n<h5><a href=\"https:\/\/economictimes.indiatimes.com\/\" rel=\"noreferrer\" target=\"_blank\">ET Markets<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Rising for the first time in three sessions, equi..<\/p>\n","protected":false},"author":1,"featured_media":87209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-87208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sensex snaps 2-day losing streak, gains 207 pts; 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