Nifty Pharma surges in morning trade


Nifty Pharma index was the top gainer among the sectoral indices on NSE during early hours of trade on Thursday. The index traded higher by 1.12% at 9,424 level majorly contributed by Dr. Reddy’s Laboratories.

On the index, there are 10 advances and 0 declines, indicating a bullish undertone. The index witnessed an intraday high of 9,431 level and intraday low of 9,363 level. The index witnessed a 30-day change of 11.32%.

Other stocks in the index viz. Divi’s Laboratories gained 2.35% at Rs 964.95 per share, Cipla gained 1.02% at Rs 575.50 per share, Glenmark Pharma gained 0.90% at Rs 615.70 per share and Aurobindo Pharma gained 0.77% at Rs 751.30 per share.

Meanwhile, BSE Sensex gained 31.24 points at 32,431 level after opening in the negative territory and Nifty 50 index gained 7 points at 10,148 level at 0940 hours on Thursday. 



 

Comments

Post a Comment

Popular posts from this blog

Live Stock Market Updates - Nifty hovers around 10K; Infratel, Sun Pharma gain

Image
The Indian stock market opened higher on Thursday led by gains in Sun Pharma and Reliance Industries amid positive global cues. Back home, earnings season for September quarter kicks off today. Among Nifty companies, TCS and IndusInd Bank are scheduled to report their Q2 numbers later in the day.  Industrial output numbers and consumer price inflation data are expected later in the day. At 9:38 AM, the S&P BSE Sensex is trading at 31,879 up 45 points, while NSE Nifty is trading at 9,999 up 14 points. The BSE Mid-cap Index is trading up 0.25% at 15,844, whereas BSE Small-cap Index is trading up 0.51% at 16,797. Bharti Infratel, Sun Pharmaceuticals, HCL Tech, Tech Mahindra and Reliance Industries are among the gainers, whereas Airtel, ICICI Bank, Asian Paints and Coal India are losing sheen on BSE. (Click Gainers/ Losers section) Some buying activity is seen in pharma, IT, auto, realty and metal sectors, while banking is showing weakness on NSE. The INDIA VIX is down 2.2% a...
Read more

Sensex gains over 200 points; TCS, RIL, Axis Bank stock gain

Image
Benchmark indices were perched near their lifetime highs, aided by gains in heavyweights Reliance Industries, Tata Consultancy Services and Oil and Natural Gas Corp. At 2:24 PM, the  BSE  Sensex was trading at 35,719, up 208 points, while the broader  Nifty50  index was ruling at 10,938, up 43 points. Among BSE sectoral indices, realty index gained the most by 0.87%, followed by capital goods 0.62%, oil & gas 0.48% and IT 0.47%. On the other hand, metal index fell 0.79%, power 0.27%, PSU 0.2% and FMCG 0.09%. DCM Shriram shares gained 5% after the company’s consolidated net profit in Q3 FY18 increased sharply by 56% year-on-year to Rs212.9cr. Shares of information technology companies rose for the fifth straight session on hopes that revival in US technology spending may aid these companies' revenue growth. The Nifty IT index was up 0.6%. Volatility index India VIX inched up 7.08% at 14.9728. Indiabulls HF (+7.9%), RIL (+5.3%), Adani Ports (+4.9%), TCS (+3.6%) ...
Read more

Live Stock Market Updates - Nifty, Sensex volatile; UPL down by 2.5%

Image
Erasing the morning gains, markets trade in red by noon. Auto and FMCC drag the indices down, with Finance, and Healthcare catching the downtrend. At 12:35 PM, the S&P BSE Sensex is trading at 32,361, down by 28 points, while NSE Nifty is trading at 10,140 down by 6 points. The BSE Mid-cap Index is trading up by 0.25% at 16,115 whereas BSE Small-cap Index is trading down by 0.18% at 17,050. Ambuja Cement, ICICI Bank, Ultra Cement, Bharti Airtel, and Coal India are among the gainers, whereas Axis Bank, Infratel, UPL, Cipla, Lupin are losing steam on NSE. Some buying seen in Basic Materials, Energy, IT, Telecom, and Reality while FMCG, finance, healthcare, industrials show weakness on the BSE. The INDIA VIX is down by 1.59% at 12.59. Out of 1,979 stocks traded on the NSE, 737 advanced, 921 declined, and 321 remained unchanged today. A total of 81 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NS...
Read more