Don’t miss the latest developments in business and finance.

Sensex edges higher; defensive stocks surge

defensive stocks jumped on the US regulator's approval for a key drug while IT stocks gained

Image
Reuters Mumbai
Last Updated : Jun 27 2014 | 4:48 PM IST

The BSE Sensex rose on Friday as defensive stocks such as Sun Pharmaceutical Industries and Ranbaxy Laboratories jumped on the US regulator's approval for a key drug while IT stocks gained after rival Accenture Plc reported robust quarterly revenue growth.

Ranbaxy provisionally rose 4.6% while its new owner Sun Pharma ended 3.9% higher.

Among software stocks, Tata Consultancy Services provisionally rose 4% while Infosys ended 1.4% higher.

The Sensex provisionally closed 0.15% higher, while the Nifty gained 0.24%, shrugging off two consecutive days of declines.

 

Also Read

First Published: Jun 27 2014 | 3:42 PM IST

Next Story