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Nifty opens above 10,700, Sensex mildly higher; IT stocks rally

GAIL, Sun Pharma, TCS, ICICI Bank, Adani Ports, Infosys, HUL, and BPCL were early gainers while IndusInd Bank, Ambuja Cements, Bharti Infratel and Bharti Airtel were early losers.


Ipca Laboratories shares rallied nearly 4 percent in morning on the acquisition of the US-based pharmaceutical company.

“….announce the acquisition of 100 percent share capital of Pisgah Labs Inc, a North Carolina Corporation, the USA by subsidiaries Ipca Pharmaceutical Inc, USA and Onyx Scientific, UK,” the company said in its filing.

Ipca has acquired Pisgah for USD 9.65 million free of debt.


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