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Live Stock Market Updates: Nifty above 9,950; Pharma stocks lead

Pharma stocks have been lending support to the major benchmark indices, Nifty and Sensex in the morning trade.

Nifty Pharma index is top gaining among the sectoral indices on NSE. The index is trading at 9,083 level, up by 223 points or 2.53%. Dr Reddy’s is top gainer in the index trading at Rs 2,177 per share, up by Rs 156.1 per share or 7.72%.

Lupin, Divi’s Lab, Sun Pharma and Aurobindo Pharma are also among the gainers in the index trading higher by over 2%. Other pharma stocks like Glenmark, GlaxoSmith, PEL and Cadila are trading higher by more than 1%.

There are 1,148 advances, 361 declines and 444 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.

At 10 AM, the S&P BSE Sensex is trading at 31,858 up 128 points, while Nifty is trading at 9,951 up 33 points. A total of 61 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.73% at 15,652, while BSE Small-cap Index is trading up 0.83% at 16,124.

Some buying activity is seen in Pharma, Realty, Pharma, Auto, while Information Technology, Telecom are showing weakness on BSE.

Dr Reddy’s, Lupin, Aurobindo Pharma, Bajaj Auto and Sun Pharma are among the gainers, whereas TCS, HDFC, Power Grid, IOC and Hindustan Unilever are losing sheen on NSE.

The INDIA VIX is down 0.89% at 11.84.