Indices Stocks Update: Nifty Pharma Indices Rally 7.2% in Positive Market

Sunday, 15 September 2024, 22:19

Indices stocks are trending upward as the Nifty Pharma indices experience a 7.2% surge in an optimistic market. Key gains from major companies signal a robust trading day. Benchmark indices also reflect positive momentum, highlighting resilience in global market indices.
Indiatimes
Indices Stocks Update: Nifty Pharma Indices Rally 7.2% in Positive Market

Indices Stocks Performance Overview

NEW DELHI: The Nifty Pharma indices traded positive around 10:49 AM (IST) on Monday despite global uncertainties. Companies such as Sanofi India Ltd. (up 1.37%), Biocon Ltd. (up 0.84%), and Torrent Pharmaceuticals Ltd. (up 0.61%) led the charge as the indices surged 7.2% to reach 2348.0 points. Meanwhile, J B Chemicals & Pharmaceuticals Ltd. (down 0.96%) and other major companies faced losses.

Market Overview

The benchmark NSE Nifty50 index climbed to 2540.0 points, gaining 2533.35 points, while the BSE Sensex was up 156.58 points at 83047.52. Of the 50 stocks in the Nifty index, 34 were in the green, reflecting a strong trading sentiment.

Key Players in Focus

  • Most Gainers: Sanofi India Ltd., Biocon Ltd., Torrent Pharmaceuticals Ltd.
  • Top Losers: J B Chemicals, Mankind Pharma, Natco Pharma.

Sector Highlights

Leading stocks such as Bajaj Housing Fin, Vodafone Idea, and YES Bank are among the most traded shares. Several companies also achieved fresh 52-week highs, indicating strong market interest.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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