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