Mid-Session: Sensex up over 30 points; Pharma sector surges 2% 29/09/2014

Mid-Session: Sensex up over 30 points; Pharma sector surges 2%
29/09/2014 12:53
The markets continue to trade in the positive territory during the afternoon session, led by gains in Health Care index followed by IT and Consumer Durables. Among the individual stocks Sun Pharmaceutical Industries, Tata Consultancy, Bharat Heavy Electricals Infosys, GAIL (India) was among the notable gainers. Pharma shares surges. Sun Pharma is the biggest gainer with a surge of 3.5 per cent as apprehensions of an import alert on its Halol plant have largely diminished now.

At 12:31 hour, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26658.18 up by 31.86 points or by 0.12 % and then NSE Nifty was at 7969 up by 0.15 points or by 0 %.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2795, shares advanced were 1804 while 903 shares declined and 88 were unchanged.

The BSE MIDCAP was at 9517.9 up by 96.5 points or by 1.02 %, while the BSE SMLCAP was at 10681.65 up by 170.66 points or by 1.62 %.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 835.30,+3.49%), Tata Consultancy Services Ltd. (Rs. 2751.55,+2.56%), Bharat Heavy Electricals Ltd. (Rs. 209.25,+1.95%), Infosys Ltd. (Rs. 3742.00,+1.65%), GAIL (India) Ltd. (Rs. 448.90,+1.21%), among others.

Meanwhile, the top losers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 154.65,-1.75%), Coal India Ltd. (Rs. 343.25,-1.36%), Tata Steel Ltd. (Rs. 468.05,-1.30%), ITC Ltd. (Rs. 367.50,-1.14%), Hindustan Unilever Ltd. (Rs. 744.00,-1.09%), among others.

Among the thirteen sectoral indices on BSE, BSE HCS index was at 14175.72 up by 319.87 points or by 2.31%. Strides Arcolab Ltd. (Rs. 690.85,+7.48%), Aurobindo Pharma Ltd. (Rs. 931.00,+5.68%), Glenmark Pharmaceuticals Ltd. (Rs. 725.00,+5.26%), Ranbaxy Laboratories Ltd. (Rs. 626.75,+3.96%), Sun Pharmaceutical Industries Ltd. (Rs. 835.30,+3.49%),.

In BSE, BSE Metal index was at 11514.58 down by -134.68 points or by -1.16%. Jindal Steel & Power Ltd. (Rs. 179.00,-2.69%), Hindalco Industries Ltd. (Rs. 154.65,-1.75%), Coal India Ltd. (Rs. 343.25,-1.36%), Tata Steel Ltd. (Rs. 468.05,-1.30%), Hindustan Zinc Ltd. (Rs. 161.50,-1.28%),.