Indian
equity benchmarks moved higher led by gains in Infosys. However, the market
gave up early gains as Reliance Industries, L&T and Sun Pharma came under
selling pressure.
At
10:06 AM, BSE Sensex was up 44 points to 32,872 and the NSE Nifty50 Index up by
7 points to 10,129.
The
BSE Mid-cap Index and BSE Small-cap Index are trading lower at 16,688 and
17,918 respectively.
Some
buying was seen in IT and Tele Communications, while power, capital goods,
utilities, FMCG, banking and consumer durables showed weakness on the BSE.
Infosys,
Tata Motors, Indiabulls HF, ONGC and Bharti Airtel gained the most on Nifty50.
Adani
Ports, HPCL, Wipro, Bajaj Finance and Sun Pharma were the top losers.
India
VIX rises by 2.60% at 15.18 level.
Out of
1,989 stocks traded on the NSE, 623 advanced, 915 declined, and 451 remained
unchanged today.
A
total of 35 stocks registered a fresh 52-week high in trade today, while nine
stocks touched a new 52-week low on the NSE.
Meanwhile,
the Indian rupee opened little changed against the US dollar ahead of the key
Reserve Bank of India’s monetary policy review.
Among
stocks, Biocon surged 10% as the USFDA approved Mylan and Biocon's Ogivri, the
first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and
gastric cancers.
Shares
of Dr. Reddy's Laboratories rose over 1% after the US FDA cleared the company's
pharmaceutical services facility at Miyapur near Hyderabad.
Shares
of Infosys gained 3% after the company on Saturday appointed Salil S. Parekh as
the chief executive officer and the managing director of the company, starting
Jan 2.
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