Live Stock Market Updates: Nifty Consolidates Above 10K Pharma Stocks Lose

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Nifty has been hovering around 10030 level. Its immediate support level may be placed at psychologically important mark of 10000. On the upside, it the index holds above 10050, then it may have resistance level of 10100.There were 804 advances, 667 declines and 272 unchanged stocks on NSE reflecting mixed sentiments floating in the market.

Nifty Pharma index is top losing index among sectoral indices on NSE. The index was trading at 9555 level, down by 1.21%. Major pharma stocks like Sun Pharma, Dr Reddy’s were down by over 2%. Glenmark, Lupin and Cipla are trading in negative territory lower than over 1%. The S&P BSE Sensex is trading at 32427 up 117 points, while NSE Nifty is trading at 10036 up 22 points. A total of 39 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE.

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