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Mid Market Stock: Indices Recover From their Early Loss

Equity benchmark indices continued their losses in the morning session, and have picked up a little higher from day’s low though mid-morning session.

At 12.00 hours, the Sensex scaled at 38,774.43 up by 53 points while the Nifty stood at 11569, up by 10 points.

Sun Pharma, Bajaj Finance, IOC, Bajaj Finserve and Ultratech were among major Nifty gainers whereas Titan, UPL, Asian Paints, TCS and HCL Tech were major losers.

Except Nifty IT and FMCG., all the sectoral indices  have picked up higher with Nifty Pharma rising the top, up by 3.10% led by gain in Sun Pharma, Piramal Enterprise, Glenmark and Aurbindo Pharma which were rising  higher by 3 to 6% in range.

Realty stocks also gained with Nifty Realty scaling at 1.67% led by major gains in Obroi Reality, Prestige and Sobha. On the reverse side, shares of Brigade Enterprises 1% Meantime, some major stocks have touched their new 52-lows on the NSE were Cadila Healthcare, Endurance Technologies, Excel Industries, Maruti Suzuki India, Escorts, BlueDart Express, Graphite India, Bosch, Cox & Kings, Hindustan Composites, Lakshmi Machine Works,  Mindtree, Steel Strips Wheels and Sun TV Network