Equity indices trade higher, pharma stocks rally

Video Credit: ANI
Published on September 18, 2020 - Duration: 01:24s

Equity indices trade higher, pharma stocks rally

Equity benchmark indices traded higher during early hours on Friday amid mixed cues from their Asian peers.

At 10:15 am, the BSE S-P Sensex was up by 136 points or 0.35 per cent at 39,115 while the Nifty 50 moved up by 56 points or 0.48 per cent at 11,576.

Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the green with Nifty pharma gaining by 3.8 per cent, realty by 0.9 per cent and auto by 0.7 per cent.

Among stocks, Dr Reddy's Laboratories jumped by 4.6 per cent to Rs 5,051.20 per share after the company said it has settled its patent litigation with Celgene for the latter's cancer drug capsules.

Cipla ticked up by 5.4 per cent and Sun Pharma by 3 per cent while Oberoi Realty advanced by 2.4 per cent.

Eicher Motors, Adani Ports, Tech Mahindra and Wirpo traded with a positive bias.

FMCG stocks fell with Hindustan Uniliver slipping by 1.4 per cent, Nestle India by 0.3 per cent and Britannia by 0.2 per cent.


You are here

Related videos from verified sources

Opening Bell: Equity indices in the red amid weak global cues 01:10
Video credit: ANI - Published on September 30, 2020 

Opening Bell: Equity indices subdued but IT, metal stocks gain 01:12
Video credit: ANI - Published on September 29, 2020 

Opening Bell: Equity indices edge higher, auto and banking stocks gain 01:10
Video credit: ANI - Published on September 28, 2020 

You might like