BSE Sensex and NSE’s Nifty 50 advanced on Friday, tracking gains in global equities. Stocks in Asian markets extended a rally after their recent battering drove valuations to a two-year low, following a technology-supported advance in US stocks. The dollar held declines after US inflation unexpectedly cooled in August. The rupee and 10-year government bond prices rose after retail inflation for August fell below the RBI’s medium-term target of 4% for the first time in 10 months. Meanwhile, FIIs sold shares worth Rs 1,086.39 crore on net basis, while DIIs purchased equities worth Rs 541.44 crore on Wednesday, provisional data showed. Markets were closed on Thursday on account of Ganesh Chaturthi.
Maruti Suzuki India shares up 2%Maruti Suzuki India Ltd rose 2% to Rs 8700 after the company said that it will boost productions of Baleno cars to cut down the waiting time for its customers. The automobile company has sold over 4.5 lakh units cumulatively since its launch.Sun Pharma shares gain 3% on USFDA drug approvalShares of Sun Pharmaceuticals Industries Ltd rose as much as 3.24% to Rs 670.95 after the company said that it has received USFDA approval for Xelpros. The drug is used to treat ocular hypertension.Source- https://www.livemint.com/
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