MARKET ANALYSIS
- The benchmark 30-stock index, Sensex, ended the day on a positive note on Thursday after witnessing a choppy trade through the day in a 100-point range.
- The index had opened with a gap-up following a rating outlook upgrade by Moody's.
- The Sensex ended the day at 28,885.21; up 177.46 points. The Nifty closed the session at 8,778.30; up 63.90 points.
- Pharma stocks fell after BofA-ML downgrade
- Sun Pharma fell 3.8% intarday, Lupin 3.66%, Cadila Healthcare 3.99% and Cipla 2.83%
- Axis Bank gained about 3% intraday; Canara Bank 2.57%
- PNB gained 5% intraday; Zee Entertainment 4.69%
- Kotak Bank gained 4.33%; IndusInd Bank 3.94%
- Tata Comm surged 9% intraday on talks of land sale
- REC surged 5% intraday; govt raised Rs 1,550 cr via OFS yesterday
- Kitex surged 10% intraday, is up 60% in four days
- Japan's Nikkei ended day at 19,937; HK shares hit 7-yr high.
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