Sensex, Nifty continue to rise; Aurobindo, Hindalco rally 5%

Epic Update Aurobindo Pharma
Epic Update Aurobindo Pharma

Equity benchmarks maintained uptrend in afternoon trade with the Nifty holding 8500 level, aided by strong global recovery and short covering after seeing correction in last week.

The 30-share BSE Sensex was up 234.12 points at 27508.27 and the 50-share NSE Nifty gained 81.80 points at 8515.55. The broader markets retained outperformance with the BSE Midcap and Smallcap indices rising 1.2-1.6 percent.

About three shares advanced for every share declining on the BSE.

European bourses were higher as confidence grew over a Hillary Clinton victory in the US presidential elections. France’s CAC, Germany’s DAX and Britain’s FTSE were up 1.4 percent each.

Lupin was the biggest gainer, up nearly 8 percent on clearance to Goa facility from US Food and Drug Administration. Aurobindo Pharma and Hindalco Industries were other leading gainers, rising 5 percent each.
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