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Benchmark indices slipped in negative territory after opening flat indicating a bearish undertone floating in the market. Broader market indices are marginally trading in negative territory. Nifty Bank also traded lower by 0.28% or 69 points at 24,895 level, majorly dragged by HDFC Bank.
Meanwhile, Nifty Pharma index gained on bourses indicating strong bullish sentiments among its constituents. The index gained 1.99% at 9504 level majorly contributed by Divi’s Laboratories and Dr. Reddy’s Laboratories. All the index constituents are trading in positive territory.
The S&P BSE Sensex is trading at 32,376 down 24 points, while Nifty is trading at 10,138 down 2 points. A total of 43 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE. Dr. Reddy’s Lab, Lupin and Cipla are among the gainers while ICICI Bank, Tata Motors DVR and Bank of Baroda are losing on the NSE.
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