D-Street Buzz: Pharma stocks gain led by Divis Labs; Jet Airways surges 8%, YES Bank falls

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The breadth of the market favoured the advances with 843 stocks advancing and 679 declining while 520 remained unchanged. On the BSE, 880 stocks advanced, 682 declined and 66 remained unchanged.

The Indian benchmark indices are trading on a positive note with the Nifty50 up 36 points, trading at 10,652 while the Sensex gained 155 points at 35,415.

At 9:35 hrs, Nifty pharma is the outperforming sector, up over 1 percent led by Cipla, Sun Pharma, Divis Labs, Lupin and Cadila Healthcare.

Auto stocks are also buzzing with gains from Eicher Motors, Hero MotoCorp, Mahindra & Mahindra and Maruti Suzuki.

From the oil & gas space, the top gainers included Reliance Industries which added 1 percent followed by GAIL India.

Bank Nifty is also trading in the green led by Axis Bank, Federal Bank, HDFC Bank, PNB and State Bank of India. However, YES Bank fell over 6 percent in this morning session

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From the BSE midcap space, the top gainers included Adani Transmission, Oracle Financial Services and Ajanta Pharma while the top losers were NBCC, Max Financial and PAGE Industries.

From the BSE smallcap space, the top gainers were Indian Hume Pipes, Venkys and Indian Terrain. The top losers were TAKE Solutions and DEEP Industries.

The top gainers from NSE include HCL Tech, Sun Pharma, Cipla, Bharti Infratel and Grasim Industries.

The top losers included YES Bank, ONGC, Indian Oil Corporation, Indiabulls Housing Finance and JSW Steel.

The most active stocks are YES Bank, Jet Airways, Reliance Industries, Axis Bank and ICICI Bank.

Atul and IOL Chemicals were some of the few stocks which hit new 52-week high on the NSE.

19 stocks have hit new 52-week low including names like ABG Shipyard, Empee Distilleries, Motherson Sumi Systems and RattanIndia Infrastructure among others.

The breadth of the market favoured the advances with 843 stocks advancing and 679 declining while 520 remained unchanged. On the BSE, 880 stocks advanced, 682 declined and 66 remained unchanged.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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