INSUBCONTINENT EXCLUSIVE:
The pharma and financial stocks led the gains on the indices in mid-morning trading.Domestic stock markets gained strength in mid-morning
trading on Tuesday, amid bouts of choppiness, a day after benchmark index Nifty 50 settled at a three-month peak
The S-P BSE Sensex index rose as much as 1 per cent to touch 35,134.50 on the upside, having started the day up 104.41 points at 35,015.73
The broader Nifty benchmark moved to a high of 10,388.25, after opening at 10,347.95 compared to its previous close of 10,311.20
At 11:40 am, the BSE Sensex was at 35.96.50, higher by 182.95 points or 0.5 per cent and the Nifty was at 10,375.50, up 64 points or 0.6 per
cent.All the Nifty sectoral indices were trading in the green, with pharma and financial stocks leading the gains.Meanwhile, India's
unemployment rate declined to "a pre-lockdown level of 8.5 per cent" in the week ended June 21, think-tank Centre for Monitoring Indian
Earlier, the rate had spiked to 27.1 per cent in the week ended May 3, compared to 8.75 per cent in March.Financial and pharma stocks were
going srong in mid-morning trading
Among the financial names, PNB, SBI, Indusind Bank, Bandhan Bank and Axis Bank had gained up to 4 per cent each
In the pharma space, Aurobindo Pharma, Dr Reddy's, Biocon and Cadilla Healthcare had added 1-3 per cent each.IT bounced back into the green
from intra-day lows despite the news that the US President Donald Trump had extended the existing ban on H-1B visas, which has been in force
since the beginning of the year, till December 2,020
Infossys, Wipro and Tech Mahindra have gained around a per cent each on the NSE; TCS is, however, trading flat.The NSE market breadth was
Out of 2,114 stocks traded on the NSE, there were 1,240 advancing stocks as against 491 declines.
