Nifty above 11,546; Pharma stocks shine
11/07/2019 11:32

The domestic benchmark indices are trading around half of a per cent higher in the late morning session on Thursday, led by gains in pharma, realty and metal stocks. Among sectors, Pharma stocks are trading 1-19 per cent higher with Aurobindo Pharma up by 3.44 per cent, Dr Reddy Laboratories up by 2.41 per cent and Cadila Healthcare up by 2.04 per cent. On the corporate front, the shares of Glenmark Pharmaceuticals jumped 3 per cent after the company signed licensing agreement with Torrent Pharmaceuticals for co-marketing of anti-diabetes drug.

At 11:23 hours, the SENSEX was trading at 38726.44 up by 169.4 points or by 0.44 per cent and then NSE Nifty was at 11546.6 up by 47.7 points or by 0.41 per cent. The BSE Sensex touched intraday high of 38774.8 and intraday low of 38631.31 The NSE Nifty touched intraday high of 11561.7 and intraday low of 11519.5.

The top gainers of the BSE Sensex were Hero MotoCorp Ltd. (Rs. 2452.85,+2.20%), IndusInd Bank Ltd. (Rs. 1510.40,+1.52%), Vedanta Ltd. (Rs. 162.05,+1.28%), Hindustan Unilever Ltd. (Rs. 1737.00,+1.11%), ITC Ltd. (Rs. 276.25,+1.06%), among others. On the other hand, the top losers of the BSE Sensex were Bajaj Auto Ltd. (Rs. 2684.40,-2.10%), Mahindra & Mahindra Ltd. (Rs. 664.40,-1.51%), YES Bank Ltd. (Rs. 91.60,-1.51%), ICICI Bank Ltd. (Rs. 425.80,-1.20%), Axis Bank Ltd. (Rs. 765.95,-0.33%), among others.

Among sectors, Realty index was at 2147.67 up by 24.61 points or by 1.16%. DLF Ltd. (Rs. 184.70,+3.94%), Indiabulls Real Estate Ltd. (Rs. 117.15,+2.67%), Godrej Industries Ltd. (Rs. 924.00,+1.68%), Prestige Estates Projects Ltd. (Rs. 271.40,+0.74%), Sobha Ltd. (Rs. 549.85,+0.49%),. On the flip side, CGS index was at 18872.71 down by -55.2 points or by -0.29%. Graphite India Ltd. (Rs. 290.50,-5.02%), HEG Ltd. (Rs. 1222.00,-4.59%), Havells India Ltd. (Rs. 712.85,-1.81%), NBCC (India) Ltd. (Rs. 54.25,-1.09%), Schaeffler India Ltd. (Rs. 4528.00,-1.00%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2151 , shares advanced were 1020 while 998 shares declined and 133 were unchanged.