Sensex, Nifty End Off Day’s High; Pharma Stocks Outperform
Closing Bell: A Subdued Session
Indian equity markets faced pressure at higher levels in today's session. Benchmark indices ended with gains but off the highest point of the day.
The S&P BSE Sensex ended 0.37% higher at 38,182 while the NSE Nifty 50 index ended 0.54% higher at 11,274.
Pharma continued to remain the outperformer through the session. The Nifty Pharma ended with gains of 5.5%, led by gains in Divi's Laboratories (Up 12%), Cipla (Up 9.5%) and Lupin (Up 8.3%)
Nifty Realty was the other major sectoral performer, ending with gains of 2.8%. Nifty I.T. (up 1%) and Nifty Metal (Up 0.8%) were the other major sectoral performers.
Broader markets outperformed in today's session. The midcap index ended with gains of 1.4% while the smallcap index gained 1.7% at the close of trade.
The India Volatility Index ended 0.5% lower at 22.45.
Market breadth remained in favour of the gainers. 1,237 stocks on the NSE ended with gains while 612 ended with losses.