Indian share markets continued their momentum during closing hours of trade and ended the day on a positive note. Gains were largely seen in the energy sector, telecom sector and banking sector.

Both, the Senses and Nifty, ended their day at record closing highs. At the closing bell, the BSE Sensex stood higher by 222 points (up 0.6%) and the NSE Nifty closed higher by 61 points (up 0.5%). The BSE Mid Cap index ended the day up by 0.2%, while the BSE Small Cap index ended the day flat.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood up by 0.39% and the Nikkei was trading down by 0.08%. The Shanghai Composite stood lower by 1.25%.

European markets were trading on a positive note. The FTSE 100 was up by 0.84%. The DAX, was up by 0.32% while the CAC 40 was up by 0.10%.

The rupee was trading at 68.62 to the US$ at the time of writing.

Speaking of rising markets, In June 2016, when Sensex was trading at around 27,000 mark, Tanushree shared with her subscribers a report on why Sensex could go up to 40,000…. And the four safe stocks that one could count on to create permanent wealth.

Sensex is close to that mark now. But the way Tanushree sees things now, the Sensex is on its way to hit 100,000 mark by the next decade.

That said, she believes it’s not going to be a continuous joy ride. In fact, a majority of these gains will be led by stocks outside of the Sensex.

In the news from the pharmaceuticals sector, Lupin share price was in focus today as the company reported a 44% year-on-year (YoY) decline in net profit at Rs 2,028 million for the quarter ended June.

Total income during the quarter grew 3.6% YoY to Rs 40 billion.

The subdued performance was primarily seen on the account of lower sales in the US and Japan. Sales in North America, the company’s largest market, fell 26%.