The Sensex touched fresh all-time high ahead of the last two trading sessions of 2017. Today's gains were led by Sun Pharma, HUL and RIL.
The BSE Sensex hit another record high on Wednesday on the back of a rally in healthcare, power and oil stocks. However, the NSE Index Nifty was trading flat.
At 11:43 AM, the BSE Sensex was trading at 34,072, up 61 points, while the Nifty50 Index was ruling at 10,537, up 6 points. The Midcap Index hit a 52-week high today.
Shares of oil exploration companies were trading higher after crude oil prices in international markets rose to highest level since mid-2015. Aban Offshore stock rises 3%. Hindustan Oil Exploration advances 1%.
Shares of Srikalahasthi Pipes fell 2% today, as the company has fixed the issue price for its qualified institutional placement of shares at Rs360.50 apiece, a discount of 12% to the current market price.
Shares of Sun Pharmaceutical Industries climbed over 5% as the US Food and Drug Administration has accepted a new drug application filed by its subsidiary for OTX-101, an ophthalmic solution.
Among BSE sectoral indices, healthcare index gained the most by 2%, followed by power 0.51%, infrastructure 0.39% and PSU 0.37%. On the other hand, consumer durables index was down 0.11% and metal 0.03%.
The BSE Midcap up 0.27% and BSE Smallcap index gaining 0.47%.
Sun Pharma (+5%), Dr. Reddy’s (+1.97%), Aurobindo (+1.4%), Cipla (+1.2%) and Zee (+0.9%) were the top gainers on the Nifty50.
HPCL (-1.2%), Ultratech (-0.90%), IOC (-0.88%), ICICI Bank (-0.80%) and Hindalco (-0.73%) were the top losers in today’s trade.
India VIX was up 1.5%.
Out of 1,994 stocks traded on the NSE, 976 advanced, 660 declined and 358 remained unchanged today.
A total of 129 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.
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Shares of Sun Pharma rose by 5.75% and reached at Rs 571.55 on the bombay stock Exchange.
ReplyDeleteThe drugmaker said today that the USFDA accepted sun pharma's new drug application (NDA) for an ophthalmic solution.
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