Stock market update: Nifty Pharma index advances 1.17% in an upbeat market

Stock market update: Nifty Pharma index advances 1.17% in an upbeat market
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The Nifty Pharma index was trading 1.17 per cent up at 13530.7.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: The Nifty Pharma index traded positive around 10:14AM(IST)on Thursday in an upbeat market.

Strides Pharma Science(up 3.64 per cent), Torrent Pharmaceuticals(up 2.72 per cent), Lupin(up 2.52 per cent), Dr Reddys Laboratories(up 1.75 per cent) and Divis Laboratories(up 1.58 per cent) were among the top gainers.

Cipla(down 0.03 per cent) were the top losers on the index.

The Nifty Pharma index was up 1.17 per cent at 13530.7 at the time of writing this report.

Benchmark NSE Nifty50 index was up 287.0 points at 17262.35, while the BSE Sensex was up 995.77 points at 57812.42.

Among the 50 stocks in the Nifty index, 48 were trading in the green, while 2 were in the red.

Shares of YES Bank, Vodafone Idea, Ashok Leyland, Zomato Ltd. and PNB were among the most traded shares on the NSE.

Shares of NDTV, Trent, Nahar Poly Film, Timken India and SEL Manufact hit their fresh 52-week highs in today's trade, while Future Enterprises, Future Retail, FutureLifestyleFash, Future Consumer and Akash Infra-Proj hit fresh 52-week lows in trade.

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