The
The Nifty added 28 points, or 0.3 percent, close at 8,495 after recovering from an intra-day low of 8,420 points. The Advance-Decline Ratio stood at 27/23 with pharma stocks ruling the roost. Sun Pharma, ACC, Lupin, Wipro and Cipla were the top five gainers on the Index while Hindalco, State Bank of India, Coal India, Bank of Baroda and Punjab National Bank lost ground. Tata Elxsi was the top traded counter on the second day on the NSE with 829 crore rupees worth of shares traded.
Sun Pharma and State Bank of India were also in major demand on the NSE. Non-Index pharma stocks were major gainers as well. Cadila Health, IPCA, Aurobindo Pharma and Natco pharma showed smart gains.
Bulls managed to pull off modest gains in the broader markets. Major indices such as CNX 100, CNX 200, CNX 500, CNX Junior Nifty and CNX Mid Cap Index closed with gains of 0.2-0.3 percent on Wednesday.
The
On the Bombay Stock Exchange, the
The Bulls were marginally ahead of the bears in the wider market. Today 1,488 stocks gained ground versus 1,389 that fell below Tuesday's closing prices.
But the Bears were on top in the futures and options space even as
3M, Ahluwalia Contracts, Amara Raja, Dishman and Divi's Labs hit fresh highs on the NSE. Rupa & Co, Atul Ltd., Future Retail, Everonn and Geometric Ltd. made it to the top volume buzzers list.
(Image credits: Indiatimes)