Sensex, Nifty remain firm; Sun Pharma, HUL stocks gain

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The BSE Sensex hit another record high on Wednesday on the back of a rally in healthcare, power and oil stocks. However, the NSE Index Nifty was trading flat.

At 12:55 PM, the BSE Sensex was trading at 34,051, up 40 points, while the Nifty50 Index was ruling at 10,535, up 4 points. The Midcap Index hit a 52-week high today.

Shares of oil exploration companies were trading higher after crude oil prices in international markets rose to highest level since mid-2015. Aban Offshore stock rises 3%. Hindustan Oil Exploration advances 1%.

Shares of Srikalahasthi Pipes fell 2% today, as  the company has fixed the issue price for its qualified institutional placement of shares at Rs360.50 apiece, a discount of 12% to the  current market price.

Shares of Sun Pharmaceutical Industries climbed over 5% as the US Food and Drug Administration has accepted a new drug application filed by its subsidiary for OTX-101, an ophthalmic solution.

Among BSE sectoral indices, healthcare index gained the most by 2%, followed by power 0.51%, infrastructure 0.39% and PSU 0.37%. On the other hand, consumer durables index was down 0.11% and metal 0.03%.

The BSE Midcap up 0.27% and BSE Smallcap index gaining 0.47%.

Sun Pharma (+5%), Dr. Reddy’s (+1.97%), Aurobindo (+1.4%), Cipla (+1.2%) and Zee (+0.9%) were the top gainers on the Nifty50.

HPCL (-1.2%), Ultratech (-0.90%), IOC (-0.88%), ICICI Bank (-0.80%) and Hindalco (-0.73%) were the top losers in today’s trade.

India VIX was up 1.5%.

Out of 1,994 stocks traded on the NSE, 976 advanced, 660 declined and 358 remained unchanged today.

A total of 129 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.

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