The Nifty Pharma Index Closes Higher
The Nifty Pharma index closed on a positive note, with several pharmaceutical companies seeing gains. Granules India Ltd., Ipca Laboratories Ltd., Biocon Ltd., Laurus Labs Ltd., and Sun Pharmaceutical Industries Ltd. were the top gainers of the day. However, Divi’s Laboratories Ltd., Abbott India Ltd., GlaxoSmithKline Pharmaceuticals Ltd., Pfizer Ltd., and Glenmark Pharmaceuticals Ltd. ended as the top losers.
The Nifty Pharma index closed at 15990.1, marking a 0.56% increase. The benchmark NSE Nifty50 index ended up 206.9 points at 20096.6, while the BSE Sensex stood up 727.71 points at 66901.91.
Market Performance
Out of the 50 stocks in the Nifty index, 40 closed in the green, while 9 closed in the red. Some of the most traded shares on the NSE were Indian Renewable, JP Power, Vodafone Idea, Reliance Power, and Suzlon Energy.
Aster DM Health, Shradha Infraproject, Marksans Pharma, Torrent Power, and Minda Corp. reached their fresh 52-week highs during today’s trade. On the other hand, Bohra Industries, Karda Const, Fourth Dimension Sol, Raj Rayon, and SEL Manufact hit their fresh 52-week lows.
Hot Take: Pharma Sector Shows Positive Momentum
The pharmaceutical sector has shown positive momentum with the Nifty Pharma index closing higher. This indicates a favorable market sentiment towards pharmaceutical companies. It is important to keep an eye on individual stock performances within the sector to identify potential investment opportunities or risks.
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