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Mid-Session: Sensex, Nifty in green; Sun Pahrma top gainer

Share Source By

Dion Global

18 Sep 2020

Indian markets continued to trade in green during the noon trading session supported by buying in Dr Reddy's Labs, Sun Pharma, Tech Mahindra and HCL Tech among others.

Shares of Dr Reddy's Laboratories surged almost 10 percent to hit their fresh record high of Rs 5,302.85 on BSE on September 18.

Shares of the company vaulted after the company said it had settled patent litigation with US-based Bristol-Myers Squibb's unit, Celgene, over cancer treatment Revlimid.

At 12:32 hours, the 30-share benchmark index was trading at 38979.85 down by -323 points or by -0.82 % and then NSE Nifty was at 11564.25 up by 48.15 points or by 0.42 %.

Sensex touched intraday high of 39234.81 and intraday low of 38926.34 The NSE Nifty touched intraday high of 11584.1 and intraday low of 11537.55

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 531.40,+3.82%), Mahindra & Mahindra Ltd. (Rs. 804.40,+2.22%), Bharti Airtel Ltd. (Rs. 488.30,+1.97%), HCL Technologies Ltd. (Rs. 821.20,+1.63%), Mahindra & Mahindra Ltd. (Rs. 645.15,+1.26%), among others.

The top losers of the BSE Sensex pack were Bajaj Finserv Ltd. (Rs. 5911.05,-1.59%), Hindustan Unilever Ltd. (Rs. 2095.20,-1.53%), Kotak Mahindra Bank Ltd. (Rs. 1291.90,-1.03%), Maruti Suzuki India Ltd. (Rs. 7014.65,-1.00%), Nestle India Ltd. (Rs. 15990.80,-0.81%), among others.

Among the sectors, IT index was at 16465.01 up by 84.67 points or by 0.52%. Nelco Ltd. (Rs. 212.50,+6.76%), Zen Technologies Ltd. (Rs. 84.40,+5.76%), Ramco Systems Ltd. (Rs. 378.05,+5.00%), AXISCADES Engineering Technologies Ltd. (Rs. 55.55,+4.91%), Infibeam Avenues Ltd. (Rs. 82.70,+4.42%),.

On the flip side, Realty index was at 1757.48 down by -33.46 points or by -1.87%. Mahindra Lifespace Developers Ltd. (Rs. 250.00,-0.36%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2817 , shares advanced were 1463 while 1158 shares declined and 196 were unchanged.