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MARKET LIVE: Sensex, Nifty range-bound; broader indices outperform

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A Gary Shilling  | Mumbai 


Brexit, Asian markets
Employees of a foreign exchange trading company work in front of monitors displaying television news on Britain's EU referendum and the Japanese yen's exchange rate against British pound (C) and the U.S. dollar (L) in Tokyo, Japan. Photo: Reuters
The Indian were trading flat with a positive bias in Friday's range-bound session.

The S&P BSE Sensex hovered around 39,020 levels, after rising as much as 39,200 levels. The Nifty50 index, meanwhile, was trading around 11,550-level. Sun Pharma (up 3%) was the top Sensex gainer, followed by NTPC, Tata Steel, and Tech Mahindra (all up 1%).

Meanwhile, shares of pharma major Dr Reddy’s Laboratories surged 6 per cent after the company said it has settled its patent litigation with Celgene for the latter's cancer drug capsules.

All the Nifty sectoral indices were trading on a positive note, led by Nifty Pharma index, up 3.7 per cent.

In the broader market, the S&P BSE MidCap index and SmallCap index were trading 0.8 and 0.6 per cent up, respectively.


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