Nifty 50 Rises 39 Points as Pharma and Healthcare Stocks Outperform
The Nifty 50 gained 38.95 points, or 0.16 per cent, to 24,094.95, while the Sensex advanced 77.06 points, or 0.10 per cent, to 77,177.53.
✨ Key Takeaways
The benchmark equity indices traded higher on Tuesday, supported by strong buying in pharma and healthcare stocks. The Nifty 50 gained 38.95 points, or 0.16 per cent, to 24,094.95, while the Sensex advanced 77.06 points, or 0.10 per cent, to 77,177.53.
Among the Nifty 50 constituents, Dr. Reddy’s Laboratories, Shriram Finance and Eternal emerged as the Top Gainers, helping lift the benchmark indices during the session.
The broader market delivered a mixed performance. The Nifty MidCap index edged up 0.03 per cent, while the Nifty SmallCap index slipped 0.03 per cent, indicating muted participation beyond the Large-Cap segment.
On the sectoral front, the Nifty Pharma and Nifty Healthcare indices outperformed the broader market as investors continued to accumulate healthcare stocks. In contrast, the Nifty IT index was the biggest laggard among the sectoral indices, limiting the overall gains in the market.
Disclaimer: The article is for informational purposes only and not investment advice.
