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MARKET LIVE: Broader indices outperform; Adani Ent, Cipla fall over 5%

By Kemal Pasha

Domestic equity markets wiped off early losses and inched higher in Monday’s intra-day trade, amid mixed global cues.


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Domestic equity markets wiped off early losses and inched higher in Monday’s intra-day trade, amid mixed global cues.
 


Key indices Nifty50 climbed over 50 points to trade near 18,000 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 61,254 levels.

 


Broader markets, meanwhile, were mixed Nifty MidCap 100 index outperformed Nifty SmallCap 100 index.

 

Sectorally, Nifty IT index gained the most, up to 1 per cent, driven by gains in Tech Mahindra, and HCL Technologies. On the flipside, Nifty Pharma index declined the most – over 1 per cent, weighed by losses in Cipla, Biocon.

Among individual stocks, shares of Cipla dipped 7 per cent after the United States Food and Drug Administration (USFDA) issued Form 483 with 8 observations post inspection of its Pithampur manufacturing facilities. READ MORE

Besides, shares of Samvardhana Motherson soared 6 per cent after the company announced complete acquisition of SAS Autosystemtechnik for Rs 4,790 crore. READ MORE

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Kemal Pasha