Sensex: Market Now: Pharma, bank stocks most active in terms of value

NEW DELHI: Shares of Divi’s Lab (Rs 825.56 crore), Dr Reddy’s Labs (Rs 397.92 crore), HDFC (Rs 226.84 crore), Tata Steel (Rs 196.67 crore), Lupin (Rs 164.00 crore) and YES Bank (Rs 149.03 crore) were trading as the most active stocks in terms of value on NSE in Thursday’s trade.

Stocks such as Sun Pharma (Rs 141.26 crore), Reliance Industries (Rs 122.34 crore), ICICI Bank (Rs 94.95 crore), Bharat Petroleum Corporation (Rs 93.05 crore), Bank of Baroda (Rs 85.91 crore) and Larsen & Toubro (Rs 83.82 crore) were also in the league.

The pack was dominated by pharma and bank stocks.

Benchmark Sensex declined nearly 240 points and Nifty slipped below 10,060-mark within the first hour of Thursday’s trade as metal & mining and bank stocks developed cold feet due to selling pressure.

Nifty50 index was trading 48 points lower at 10,093, while the 30-share Sensex was 132 points down at 32,268 around 10.38 am (IST).

Heavy capital outflows by foreign investors dampened the trading sentiments.

Coal India, Hindalco, Indiabulls Housing Finance, Zee Entertainment, ICICI Bank and Vedanta were the top drags in the Nifty index.

Pharma stocks remained bullish, with shares of Dr. Reddy’s Laboratories surging over 6 per cent.

Lupin, Cipla, Sun Pharma and Aurobindo Pharma were the other top gainers of the Nifty pack.

On the NSE, 351 stocks were advancing, compared with 1234 stocks declining and 371 stocks remaining unchanged.

On BSE, 556 stocks were advancing whereas 1,600 stocks were lagging and 97 stocks were appearing unchanged.

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