Monday, 8 January 2018

Nifty Pharma Index Soars Over 2%; Sun Pharma Zooms 4%

Posted by suhani varma on Monday, January 08, 2018 with No comments



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The market breadth was in favour of the advances on Monday morning with 1161 stocks advancing as against 467 declines while 386 remained unchanged. On the other hand, 1633 stocks advanced and 676 stocks declined while 88 remained unchanged on the BSE.was yet another record opening for the Indian benchmark indices on Morning morning with the Sensex adding 194 points and was trading at 34344 while the Nifty gained 55 points and was trading at 10613.

The Nifty pharma index was the outperforming sector jumping 2.35 percent led by Sun Pharma which jumped 4 percent while Glenmark Pharma added over 3 percent. Lupin and Divis Labs were the other top pharma gainers.

From the Nifty, the stocks that gained the most were Sun Pharma, Lupin, Tech Mahindra, BPCL and Infosys.


The most active stocks were Jindal Steel & Power which zoomed 8 percent while Sun Pharma was up 3 percent. Philips Carbon, Wockhardt and Bharti Airtel were the other active stocks.

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