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Stock market update: Nifty Pharma index advances 1.03%

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.

Synopsis

The Nifty Pharma index closed 1.03 per cent up at 17331.25.

NEW DELHI: The Nifty Pharma index closed on a positive note on Thursday.

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Shares of Aurobindo Pharma Ltd.(up 3.33 per cent), Sun Pharmaceutical Industries Ltd.(up 2.83 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 2.63 per cent), Cipla Ltd.(up 2.24 per cent) and Lupin Ltd.(up 1.85 per cent) ended the day as top gainers in the pack.

On the other hand, Ipca Laboratories Ltd.(down 3.75 per cent), Alkem Laboratories Ltd.(down 2.42 per cent), Divi's Laboratories Ltd.(down 0.77 per cent), Glenmark Pharmaceuticals Ltd.(down 0.54 per cent) and Torrent Pharmaceuticals Ltd.(down 0.4 per cent) finished as the top losers of the day.


The Nifty Pharma index closed 1.03 per cent up at 17331.25.


Benchmark NSE Nifty50 index ended down 109.71 points at 21462.25, while the BSE Sensex stood down 313.9 points at 71186.86.

Among the 50 stocks in the Nifty index, 21 ended in the green, while 28 closed in the red.
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Shares of YES Bank, Vodafone Idea, South Indian Bnk, Indian Railway Fin and NHPC were among the most traded shares on the NSE.

Shares of Oracle, Tarmat Ltd, Ajmera Realty, Yash Pakka and Phillips Carbon hit their fresh 52-week highs in today's trade, while Digidrive Distributo, Stampede Cap(DVR), Flair Writing Indust, GSS Infotech and Inox India hit their fresh 52-week lows.
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