Stock market update: Nifty Pharma index advances 0.93%

Stock market update: Nifty Pharma index advances 0.93%
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The Nifty Pharma index closed 0.93 per cent up at 13570.3.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
NEW DELHI: The Nifty Pharma index closed on a positive note on Wednesday.

Shares of Abbott India(up 7.13 per cent), Glenmark Pharmaceuticals(up 3.46 per cent), Alembic Pharmaceuticals(up 3.03 per cent), Cipla(up 2.13 per cent) and Gland Pharma(up 1.92 per cent) ended the day as top gainers in the pack.

On the other hand, Sun Pharmaceutical Industries(down 0.86 per cent) finished as the top losers of the day.

The Nifty Pharma index closed 0.93 per cent up at 13570.3.

Benchmark NSE Nifty50 index ended up 197.05 points at 17463.8, while the BSE Sensex stood up 657.39 points at 58465.97.

Among the 50 stocks in the Nifty index, 42 ended in the green, while 8 closed in the red.

Shares of Vodafone Idea, Reliance Power, Suzlon Energy, Adani Wilmar Ltd. and YES Bank were among the most traded shares on the NSE.

Shares of Adani Wilmar Ltd., Ugar Sugar Work, Weizmann Ltd, Deep Industries Ltd. and Jagran Prakashan hit their fresh 52-week highs in today's trade, while Timescan Logistics(India)Ltd., Atal Realtech, Orchid Pharma, Precision Metaliks Ltd. and Uniinfo Telecom Serv hit their fresh 52-week lows.

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