Market Update: Nifty pharma continues to rally as Dr Reddy’s jumps 3%; RIL hits record high

The broader indices are trading on a flatto positive note this Friday morningwith the Niftyup19points at 10,822and the Sensexisup 47points at 35,647.

Nifty pharma continues to outperformled by Dr Redddy’s Labs, Glenmark Pharma, Sun Pharma, Ciplaand Lupin.

The midcap index is up half a percent led by Mcleod Russel, CG Power, Biocon, Strides Shasun and Unitech.

Nifty IT was trading in the green,asstocks like Tech Mahindra, Tata Consultancy Services, Infosys and HCL Tech traded higher.

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related news Prestige Estates stock rises 5% after CLSA retains Buy, sees 44% upside Transcorp Intl locked in 5% upper circuit ahead of Board meet to consider bonus issue Dr Reddys Labs gains 3% on US FDA approval to anti-addiction drug

Among the oil & gas names heavy weightReliance Industriesis up 1 percent.

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The top gainers among Nifty constituents were Sun Pharma, Lupin, Dr Reddy’s Labs, Cipla and UPL.

The most actively traded stocks on the NSE were Dr Reddy’s Labs, Sun Pharma, Reliance Industries, Indiabulls Housing Finance and Lupin.

Some of the top gainers on BSE were Mcleod Russel, RCF, Apollo Hospitals, Prestige Estates and Eros Internatiional.

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Reliance Industries, Jubilant Food, Bajaj Finance, MM Forgings and United Breweries were the few stocks that hit fresh 52-week highs in themorning trade.

On the other hand, 22 stocks hit a new 52-week low. These includeINOX Wind and NTPC among others.

The breadth of the market favoured advances, with910 stocks advancing,681 declining and458 remaining unchanged. On BSE,1093 stocks advanced,832 declined and 106 remained unchanged.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
First Published on Jun 15, 2018 10:28 am

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