Market

Share Market on Wednesday: Consumer stocks led the gains as the Nifty FMCG index was the top sectoral gainer with 1.19 per cent gain.

Tata Steel, Tata Motors, ITC, Power Grid, Hero MotoCorp and Tech Mahindra, closed around 2-4 per cent lower.

From October 2, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form only, the ministry said. The decision comes at a time when the ministry is clamping down on shell companies that are suspected of being conduits for illicit fund flows.

Share Market on Tuesday: Among the sectoral indices on the NSE, consumer stocks cracked 2.35 per cent, pharma stocks 1.5 per cent, and the metal pack was down 1.19 per cent.

The stock markets traded on a sharply lower note on the first day of the week, with the Sensex plunging 467 points to close below the 38,000 mark for the first time since August 17. The BSE benchmark index closed at 37,922, while the NSE Nifty declined 151 points, or 1.3 per cent, to settle at 11,438. The Sensex and Nifty registered their biggest single-day falls since March 16 and February 6 respectively. The fall in the equities came amid the rupee touching fresh all-time low against the dollar amid renewed concerns on the US-China trade war.

Stock markets on Monday: Main losers in the Sensex pack were Sun Pharma, Power Grid, ICICI Bank, Kotak Mahindra Bank, Tata Motors and YES Bank.

The Central Statistics Office (CSO) is slated to release the macro-economic data points of IIP and CPI (consumer price index) on September 12.

Top gainers on the Nifty50 were Hero MotoCorp, Bajaj Auto, Lupin, Bharti Airtel and Mahindra & Mahindra, finishing the day with gains of 4-5.5%.

Analysts said the deal was positive for Aurobindo Pharma, which said it would make the company the second largest generic player in the US by number of prescriptions. Aurobindo Pharma shares closed 9 per cent higher on Thursday. On Friday, the shares were set to close higher for a third session in a row. At the day's highest level, the shares have registered gains of more than 20 per cent.

Share markets on Friday: Main losers on Sensex pack in the morning session were Vedanta, YES Bank, Power Grid, SBIN, ICICI Bank and Sun Pharma.

Top gainers on the 50-scrip Nifty index included Reliance Industries, Cipla, Coal India, Sun Pharma and Lupin. The Nifty Pharma rose 2.7% led by Aurobindo Pharma, which surged over 9% after the drug maker announced a $900-million acquisition in the US.

Aurobindo Pharma share price jumped more than 6 per cent in intraday trade with large volumes after the announcement. Aurobindo Pharma said it will acquire the dermatology and oral solids businesses from Sandoz Inc, USA, a unit of Swiss pharmaceutical company Novartis. Aurobindo Pharma said the deal worth $900 million was expected to close in 2019.

Share market on Thursday: Major gainers in Sensex pack in the session were Tata Motors, Power Grid, Coal India, Hindustan Unilever, Tata Steel and Induslnd Bank.

The Sebi said in a statement that a panel headed by a former central bank deputy governor had held consultations on various issues.

On the 30-share Sensex, losses were led by FMCG major Hindustan Unilever, which closed 2.8 per cent lower.