The Nifty Pharma index closes positively
The Nifty Pharma index closed on a positive note on Tuesday, with several pharma companies experiencing gains. Gland Pharma Ltd., Ipca Laboratories Ltd., Biocon Ltd., Zydus Lifesciences Ltd., and Laurus Labs Ltd. were the top gainers, while Torrent Pharmaceuticals Ltd., Cipla Ltd., Natco Pharma Ltd., and Aurobindo Pharma Ltd. ended as the top losers. The Nifty Pharma index itself closed 1.07 percent higher at 18488.05.
Market performance of NSE Nifty50 and BSE Sensex
The benchmark NSE Nifty50 index ended up 157.71 points at 21929.4, while the BSE Sensex stood up 454.67 points at 72186.09. Out of the 50 stocks in the Nifty index, 35 closed in the green, while 15 closed in the red.
Shares of YES Bank, Vodafone Idea, IOB, NHPC, and UCO Bank were among the most traded shares on the NSE. In today’s trade, Bhagyanagar Ind, Ajmera Realty, Xchanging Sol, Arvind SmartSpaces, and Udayshivakumar Infra hit their fresh 52-week highs, while Stampede Cap(DVR), Butterfly Gandhi, Tatva Chintan Pharm, Sheetal Cool, and Medicamen Bio hit their fresh 52-week lows.
Hot Take: Positive closing for Nifty Pharma index
The Nifty Pharma index ended on a positive note, with several pharmaceutical companies experiencing gains. This indicates a favorable market trend for the pharma sector. Investors should keep an eye on these developments and consider potential investment opportunities in the pharma industry.
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