Nifty above 10,950,
Sensex up 100 points; pharma stocks under pressure
Market Opens: It is positive start for the Indian
Indices with Nifty above 10,950 level.
The Sensex is up
87.71 points or 0.24% at 37045.87, and the Nifty up 24.70 points or 0.23% at
10950.60. About 479 shares have advanced, 301 shares declined, and 21 shares
are unchanged.
Manappuram Finance,
Cholamandalam Investment, L&T Finance, Indiabulls Housing, Zee
Entertainment, JSW Steel, UIPL, Bajaj Finserv, Bajaj Finance , RIL, IndusInd
Bank, Gail, Eicher Motors are among major gainers on the indices, while losers
are Dr Reddy's Lab, Power Grid, Titan, Glenmark, HUL, Sun Pharma, and Maruti
Suzuki.
Among sectors,
except IT, FMCG and pharma other indices are trading higher led by the metal,
auto, bank, energy and infra.
Rupee Opens: The Indian rupee gained in the early trade on Wednesday. It
opened higher by 40 paise at 71 per dollar against previous
close 71.40.
Stocks in the
news: HDFC Life, Future Retail, ONGC, Apollo Hospitals, Coal India, Nalco
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