Nifty hits 8500, Sensex soars 300; banks & pharma on fire-- 31 July 2015

Dr Reddy's Labs, M&M, Lupin, Hero and Coal India are top gainers in the Sensex. Among the losers are Reliance, HUL, BHEL and Infosys.


                               

The market is surging ahead with the Nifty nearing 8500. The 50-share index is up 57.95 points or 0.7 percent at 8479.75. The Sensex is up 235.81 points or 0.8 percent at 27941.16. About 1470 shares have advanced, 793 shares declined, and 125 shares are unchanged. Dr Reddy's Labs, M&M, Lupin, Hero and Coal India are top gainers in the Sensex. Among the losers are Reliance, HUL, BHEL and Infosys. China stocks fell and looked set to suffer their biggest monthly loss in nearly six years even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy. Stocks have plunged more than 30 percent since mid-June, threatening further risks to an economy that is expected to post its slowest growth in a quarter of a century this year.



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