Nifty Pharma is the only sector on NSE that is trading in green. Divi’s Laboratories is the biggest contributor to the index gains and is the top gainer in the index.
Divi’s Laboratories is trading at Rs 785 per share, up by Rs 30.4 per share or 4%. The stock has extended its morning gains in the afternoon hours.
Other Pharma stocks like, Cadila Healthcare, Aurobindo Pharma, Cipla, and Glenmark are also trading in positive territory on Wednesday.
Metal stocks are showing weakness trading lower by more than 2%. NMDC is the top loser in Metal stocks trading at Rs 141 per share, down by 4.4%.
There are 429 advances, 1150 declines and 346 unchanged stocks on NSE reflecting strong negative bias floating in the market.
At 1 PM, the S&P BSE Sensex is trading at 28868 down 131 points, while NSE Nifty is trading at 8905 down 41 points. A total of 40 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 0.6% at 13423, while BSE Small-cap Index is trading down 0.4% at 13618.
All the sectors are showing weakness on BSE.
Yes Bank, Kotak Bank, ACC, Aurobindo Pharma, Eicher Motors and Power Grid are among the gainers, whereas Hindalco, BPCL, HCL Tech, Tata Motors and ONGC are losing sheen on NSE.
The INDIA VIX is up 0.7% at 13.9.
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