Market Closing: Indices close red, Pharma outperforms

On market closing the indices closed with negative bias also not much action in the markets was noticed on the last trading day of the week, Pharma stocks performed well with Cipla bagging the top gainer of Nifty.

Market Update:

At closing, Sensex closed lower by 129 points or 0.34% at 37606, Nifty at 11073 down by 28 points or 0.26%

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On market closing the indices closed with negative bias also not much action in the markets was noticed on the last trading day of the week, Pharma stocks performed well with Cipla bagging the top gainer of Nifty.

Highlights as of Market Closing:

  • No big action noticed in the indices as it closed red on the last trading day of the week.
  • Reliance being the most active stock in the markets after Q1 earnings were declared a day earlier.
  • Pharmaceutical stocks performed well today being the top sector in the green.
  • Torrent Pharma, Cipla among the top news makers in the markets being the top gainers on Nifty side.
  • Torrent pharma, Cipla and Cadila Health surged over 8%, 7% and 6% respectively.
  • Auto and Some financial stocks on the losers side also contributing much in the downfall in the indices.
  • Cholamandalam, Indiabulls HSG, Tvs Motors among the top losers of Nifty.
  • Reliance post results dipped nearly 2% with the day’s low at Rs 2052.
  • SBI hit the day’s high of Rs 194.85 surging nearly 3% after the bank announced its quarterly results- Up by 81% Y-o-Y.
  • Nifty Bank closed at 21652.50 up 5 points, SBI top gainer and Kotak top loser.