Market Closing: Sensex, Nifty close with gains; Pharma stocks outperform

The Indian indices closed higher after rallying at good figures with Nifty crossing 11330 and Sensex crossing above 38400 on Monday.

The Indian indices closed higher after rallying at good figures with Nifty crossing 11300 and Sensex trading above 38000 on Monday. The markets today saw strong recovery from the past sessions as Pharma stocks added to great weightage, However, Big names like RIL and HDFC didn’t perform much today.

At Closing, Sensex was at 38182 gaining 141 points or 0.37% and Nifty at 11274 up 60 points or 0.54%.


As per the analysts, The market is on a bullish trend and the momentum will keep on going if the Nifty index holds at 11k and above and might touch skies if the resistance level of 11300 surpasses.

Highlights as of Market closing:

  • The market sentiment rose today on Week start as the pharma stocks led to higher weightage in the markets.
  • Stocks of Divis labs, Lupin and other pharma stocks hit the record highs.
  • Divis labs up 11%, Cipla up 10% and Lupin up nearly 9%.
  • SRF in the last hour of trade jumped more than 150 points to reach the new record high of 2276 from 2080(2:15 pm IST).
  • All sectoral indices were trading green in the markets today.
  • Major stocks like Reliance, HDFC underperformed and ended red.
  • Defence stocks saw great momentum after Rajnath Singh’s announcement on banning 101 products, Stocks like Bharat Elec and Bharat Forge were top gainers in the Midcap 100.
  • Auto stocks also contributed in the upward rally, M&M and Tata Motors among top gainers of Nifty.
  • Bata, Siemens, Dabur among top losers of Nifty.
  • 1110 shares have advanced and 532 have declined at market closing.