Share market maintains uptrend, Midcap index outperforms; Manpasand sinks

Benchmark indices remained strong for a second consecutive session with the Sensex rising 187.29 points to 39,622.01 and the Nifty trading 49.50 points higher at 11,893.60.

The market breadth was also in favor of bulls. About 1,386 shares advanced against 552 declining shares on the BSE. Benchmark indices extend the early morning gains with Nifty around 11,900 level.

The Sensex is up 202.96 points at 39637.68, while Nifty is up 49.60 points at 11893.70. About 1240 shares have advanced, 464 shares declined, and 92 shares are unchanged. Shares of Lupin declined 5.5 percent in the early trade on Monday after USFDA classified the inspection as official action indicated (OAI).source- money control

The company has received a communication from the USFDA classifying the inspection conducted at its Goa facility between January 28 to February 8, 2019, as OAI, company said in a release. Manpasand Beverages tumbles 20%: Manpasand Beverages shares were locked in 20 percent lower circuit at Rs 88 on May 27 after the top management was arrested by the Central Goods and Services Tax (GST) Commissionerate Vadodara-II sleuths for an alleged GST fraud.

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