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Sensex Zooms 424 Points, Nifty Pharma Adds Over 4%

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Indices towards the close of the session have been able to hold up to gains seen post the RBI's liquidity support measures. In fact broader markets which were weaker in early part of the trade, there was seen resilience in them.

 

At the close, Sensex ended with gains of 424 points, while Nifty ended added 121 points to close above 14600.

Sensex Zooms 424 Points, Nifty Pharma Adds Over 4%

For the healthcare sector and for easy and smooth functioning of the financial system, the RBI has announced a slew of moves which has boosted sentiment for the markets.

Sectorally gains in the pharma pack, which was the outlier in trade, went higher by up to 4 percent. Similarly, bank including the PSU Bank were delighted on the various leeways offered. Nonetheless, towards the end, there was seen weakness in the Realty pack.

Pharma stocks hit new 52-week high today

Individually, stocks from the Nifty that stood out as top performers include Sun Pharma, UPL, IndusInd Bank, Axis Bank and Kotak Mahindra. On the other hand losers have been Adani Ports, Bajaj Finance, SBI Life Insurance, HUL and Asian Paints.

 

Meanwhile, amid grim economic situation, S&P slashed economic growth forecast for FY22 at 9.8 percent.

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