{"id":37201,"date":"2023-08-07T10:26:18","date_gmt":"2023-08-07T10:26:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/08\/07\/sensex-nifty-end-modestly-higher-as-pharma-stocks-jump\/"},"modified":"2023-08-07T10:26:18","modified_gmt":"2023-08-07T10:26:18","slug":"sensex-nifty-end-modestly-higher-as-pharma-stocks-jump","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/08\/07\/sensex-nifty-end-modestly-higher-as-pharma-stocks-jump\/","title":{"rendered":"Sensex, Nifty End Modestly Higher As Pharma Stocks Jump"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares eked out modest gains on Monday despite weak cues from Asia and Europe.<\/p>\n<p>A cautious undertone prevailed as the dollar gained traction and Treasury yields edged up ahead of key inflation readings from the U.S. and China due this week. <\/p>\n<p>Closer home, the Reserve Bank of India&#8217;s MPC meeting begins tomorrow and concludes on August 10. <\/p>\n<p>The benchmark S&amp;P\/BSE Sensex rose 232.23 points, or 0.35 percent, to 65,953.48, with pharma and auto stocks pacing the gainers. <\/p>\n<p>The broader NSE Nifty index settled 80.30 points, or 0.41 percent, higher at 19,597.30.<\/p>\n<p>LTIMindTree, Sun Pharma, SBI Life, Mahindra &amp; Mahindra and Divis Laboratories jumped 2-5 percent in the Nifty pack, while Britannia Industries fell 2.7 percent after Q1FY24 results missed Street estimates. <\/p>\n<p>Tata Motors, SBI and Bajaj Auto all fell around 1 percent. <\/p>\n<p>The rupee consolidated in a narrow range today after Friday&#8217;s U.S. jobs report proved to be a mixed bag. <\/p>\n<p>While payrolls fell more than expected in July, a surprise dip in unemployment and strong wage growth indicated that the labor market remains tight.<\/p>\n<p>Oil prices fell about 1 percent after reaching four-month highs last week on signs of tight supply. Gold traded lower in European trade on dollar strength. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty End Modestly Higher As Pharma Stocks Jump<\/a><br \/>\n<br \/>2023-08-07 10:26:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares eked out modest gains on Monday despite weak cues from Asia and Europe. A cautious undertone prevailed as the dollar gained traction and Treasury yields edged up ahead&#8230;<\/p>\n","protected":false},"author":2,"featured_media":37202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-37201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=37201"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/37202"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=37201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=37201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=37201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}