Pharmacy Stocks Show Positive Performance on Tuesday
The Nifty Pharma index closed positively on Tuesday, with several pharmaceutical companies showing gains. Shares of Aurobindo Pharma Ltd., Alkem Laboratories Ltd., Lupin Ltd., Laurus Labs Ltd., and Gland Pharma Ltd. were the top gainers for the day, with the overall index closing 1.03% up at 15968.9.
Conversely, Glenmark Pharmaceuticals Ltd., Biocon Ltd., Natco Pharma Ltd., and Abbott India Ltd. closed as the top losers of the day. This positive performance of pharmacy stocks contributed to the overall success of the NSE Nifty50 index, which ended up 89.4 points at 19783.4, while the BSE Sensex stood up 275.62 points at 65930.77. In the Nifty index, 29 stocks ended in the green, while 21 closed in the red.
Most Traded and High/Low Stocks
Some of the most traded shares on the NSE for the day were Vodafone Idea, YES Bank, RattanIndia Power, JP Power, and Reliance Power. Additionally, several stocks reached their fresh 52-week highs, including Emami Realty, Dhunseri Invst, and Sastasundar Ventures, while others hit their fresh 52-week lows.
Hot Take
The pharmaceutical industry showed strong performance on Tuesday, with the Nifty Pharma index closing positively. This performance also contributed to the overall success of the NSE Nifty50 index, which saw gains and ended in a positive position. Additionally, several stocks reached their fresh 52-week highs, indicating potential for growth in various companies. This positive performance in the pharmaceutical sector is a promising sign for investors and indicates potential growth in the market.
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