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Positive global cues help Indian benchmarks to post gains after three days of loss

India Blooms News Service | | Feb 05, 2016, at 12:07 am

#India stock market

Mumbai, Feb 4 (IBNS) Positive global cues helped the Indian benchmark indices halt their three-day downward spiral and end Thursday on a positive note with the Sensex climbing 115.11 points to close at 24338.43 and the Nifty moving up 42.20 points to end at 7,404.

The market rebounded during the early hours of trade on Thursday but trimmed its gains in the last hour before closing.

Investors in Indian pharma stocks are concerned about media reports that say that the US government is making it mandatory for Active Pharmaceutical Ingredients (API) to be manufactured locally; the decision is likely to impact drug exports.

Among the leading companies that made it to the gainers' list are Vedanta. Cairn India, Tata Motors, Hindalco and ONGC. Companies that saw a dip in their share prices were Lupin, NTPC, Cipla, Bajaj Auto and SBI.

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