Nifty rise higher amid mixed global cues; IT stocks rally
Share price of Unichem Laboratories added 4.7 percent in the early trade on Monday after company received ANDA approval from USFDA.The company has received final ANDA approval for its Pramipexole Dihydrochloride tablets, 0.125 mg, 0.25 mg, 0.5 mg, 0.75 mg, 1 mg and 1.5 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Boehringer Ingelheim Pharmaceauticals Inc's Mirapex tablets. Equity benchmarks have given up morning gains and trading flat. The Nifty is around 10,750.
The Sensex is up 8.54 points or 0.02% at 35750.61, and the Nifty down 7.70 points or 0.07% at 10746.30. The market breadth was narrow as 594 shares advanced, against a decline of 534 shares, while 53 shares were unchanged. It’s a positive start to the market on Monday morning, with the Nifty trading one-fifth of a percent higher.
The Sensex is up 89.93 points or 0.25% at 35832.00, while the Nifty is higher by 21.80 points or 0.20% at 10775.80. The market breadth was narrow as 278 shares advanced, against a decline of 164 shares, while 45 shares were unchanged.
Metals and automobiles are the ones to be in the red, while consumption, pharma and PSU banks were gainers. In the broader market, the Nifty Midcap was up quarter of a percent.
Shares of Infosys, Wipro, and Indiabulls Housing were the top gainers, while Vedanta and Hero MotoCorp lost the most.
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