Market Watch

Sensex ends 70 points up but caution prevails ahead of Fed comments; Aurobindo Pharma jumps 7%

24 August 2016 - 04:00 PM

Indian shares closed slightly higher on Wednesday, led by drug maker Aurobindo Pharma Ltd after stellar quarterly results, but sentiment remained edgy as investors awaited further cues on whether the U.S. Federal Reserve will raise interest rates this year.
 
The benchmark BSE Sensex closed 0.25 percent higher at 28,059.94, while the broader NSE Nifty ended up 0.21 percent at 8,650.30.
 
Aurobindo Pharma jumped 7 percent after the company on Tuesday reported a 24 percent rise in its June-quarter consolidated profit, boosted by higher sales.