Live Stock Market Updates – Nifty settles above 9600, Sensex over 31100, Pharma stocks gain

The BSE Healthcare is the top gaining index in the morning session on Tuesday. It is up by 1.1% at 13369. Aurobindo Pharma and Sun Pharmaceutical are contributing majorly to the index gains and lifting it to higher levels.
 
Aurobindo Pharma is up 7.5% at Rs 552 per share and Sun Pharmaceutical is up 1% at Rs 508 per share.
 
Other stocks in the index such as Sun Pharma Advanced Research Company is up 3.1% at Rs 283 per share, IPCA Laboratories is up 2% at Rs 500 per share, Lyka Labs is up by 1.9% at Rs 51.50 per share, Caplin Point Laboratories is up 1.3% at Rs 540 per share and Lupin is also up by 1.4% at Rs 1125 per share.
 
IOL Chemicals, Shilpa Medicare and Marksans Pharma are some stocks that are trading in the red territory.
 
Meanwhile, Bata India & ICICI Bank are buzzing on the bourses. Bata India is up by 6.1% at Rs 561 per share and ICICI Bank is up by 2% at Rs 321 per share.
 
At 10 AM, the S&P BSE Sensex is trading at 31164 up 55 points, while NSE Nifty is trading at 9613 up 8 points. A total of 17 stocks registered a fresh 52-week high in trade today, while 47 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.20% at 14397, while BSE Small-cap Index is trading down 0.10% at 14839.
 
Some buying activity is seen in Healthcare, Auto and Bankex indices, while Telecom, Energy and Consumer Durables indices are showing weakness on BSE.
 
Aurobindo Pharma, IOC, ICICI Bank and Lupin are among the gainers, BPCL, Power Grid, TCS and ACC are losing on the NSE.
 
The INDIA VIX is up 0.4% at 11.8.

Opening Bell – Markets open flat, L&T top Nifty gainer

At 9:15 AM, the BSE Sensex opened lower by 2 points at 31111, while the Nifty50 opened lower by 18 points at 9590 mark.

 
L&T Limited is the top Nifty gainer and Power Grid is the top Nifty loser in the morning hours. 
 
There are 600 advances, 755 declines and 448 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The rupee opened at 64.64 per US dollar appreciated by 6 paise. The rupee on Monday weakened by 6 paise against the dollar to close at 64.50 on month-end demand for the US currency from importers, ending its three-day spectacular run.
 
Now, going forward. Nifty50 needs to sustain above the level of 9,650 to witness an upmove towards the levels of 9,680-9,700. On the downside, the support for Nifty50 index is pegged at the levels of 9,545 and 9,505.
 
Financial markets in the US remained closed on Monday, May 29, 2017, in observance of Memorial Day.
 
Most of the Asian markets are trading in the negative terrain on Tuesday. Japan’s Nikkei 225 has slipped 85 points. The equity markets in Hong Kong and China remained shut for the day on account of a public holiday.