Market at day’s low; Lupin, Sun Pharma stocks gain

All the pharma constituents were trading higher except Dr Reddy’s, Biocon and Divis Lab in the afternoon session.

Aug 14, 2020 02:08 IST India Infoline News Service

Market Down
Domestic indices trading at day’s low on Friday as losses seen in banks and auto stocks. BSE Sensex is trading at 38,012.93 down 366 or 0.96% while Nifty50 is trading at 11,201, down 99 or 0.88%.

The Nifty Pharma index snapped three day’s losing streak on Friday as heavy buying witnessed in Lupin, Cadila and Sun Pharma. All the pharma constituents were trading higher except Dr Reddy’s, Biocon and Divis Lab in the afternoon session with the index up nearly 1% at 11,577 levels.

Lupin shares erase three day’s losing streak and up over 6%, followed by Sun Pharma, Cadila and Alkem were up over 1% each. Torrent Pharma, Cipla and Aurobindo are marginally up. 

Coal India, Sun Pharma, JSW Steel,  Tata Steel and ZEEL are the top gainers, while  Eicher Motors, Tata Motors, Axis Bank, Bajaj Finance and BPCL are the top losers on the NSE.

Out of 50 stocks traded on the NSE, 14 advanced, 35 declined and 1 unchanged.

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