Amid a bout of volatility, key benchmark indices declined in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, was down 51.03 points or 0.20% at 25,817.46. The Nifty 50 index was down 7.85 points or 0.10% at 7,848.70.
The market breadth indicating the overall health of the market was positive. On BSE, 1,423 shares rose and 997 shares fell. A total of 183 shares were unchanged. The BSE Mid-Cap index was up 0.61%. The BSE Small-Cap index was up 0.35%. Both these indices outperformed the Sensex.
In overseas markets, most Asian markets were trading lower. Japanese markets were closed on account of a holiday. US markets ended with gains on Friday, 20 November 2015 led by a rally in healthcare, consumer and technology stocks.
Most pharmaceutical shares edged higher. IPCA Laboratories (up 2.88%), Cadila Healthcare (up 1.82%), Strides Arcolab (up 1.78%), Dr. Reddy's Laboratories (up 1.67%), Aurobindo Pharma (up 1.66%), Lupin (up 1.49%), Divi's Laboratories (up 0.75%), Wockhardt (up 0.42%), Glenmark Pharmaceuticals (up 0.33%) and GlaxoSmithKline Pharmaceuticals (up 0.03%), edged higher. Piramal Enterprises (down 0.2%), Sun Pharmaceutical Industries (down 0.92%) and Cipla (down 1.05%), edged lower.
Most sugar stocks rose. Simbhaoli Sugars (up 4.97%), Dhampur Sugar Mills (up 4.19%), Rana Sugars (up 1.44%), Shree Renuka Sugar (up 1.42%), Empee Sugars and Chemicals (up 1.12%), DCM Shriram Industries (up 0.78%), Sakthi Sugars (up 0.66%), EID Parry (India) (up 0.62%), Triveni Engineering & Industries (up 0.42%), Upper Ganges Sugar & Industries (up 0.41%) and Balrampur Chini Mills (up 0.4%), edged higher. KCP Sugar & Industries Corporation (down 0.19%), Dwarikesh Sugar Industries (down 0.36%), Bajaj Hindusthan (down 0.51%) and Oudh Sugar Mills (down 3.31%), edged lower.
Radha Madhav Corporation surged 7.88% after the company said it has allotted 35 lakh equity shares at Rs 12.50 per share to warrant holders upon conversion of 35 lakh warrants. The announcement was made on Saturday, 21 November 2015. The warrants were held by both promoter and non-promoter shareholders, Radha Madhav Corporation said.
Crompton Greaves rose 0.9% after the company said that the High Court of judicature at Bombay approved the scheme of demerger of the consumer products business unit of the company. The announcement was made after market hours on Friday, 20 November 2015.
Vakrangee surged 9.52% after announcing an alliance with RICOH India to provide managed print services on a pay per unit model to the un-served and under-served geographies in India through various Vakrangee Kendras. The company made announcement on Saturday, 21 November 2015.
Powered by Capital Market - Live News
