Key benchmark indices rose for a second straight session on Monday to its highest closing in a month as blue chips including banks gained on continued optimism about foreign investor buying despite rising global uncertainties. CNX Nifty shut shop at 6186 up by 30.65 points (0.50%). Pharma stocks gained on renewed buying, Dr. Reddy's Laboratories, Lupin and Cadila Healthcare hit record high. Shares of state-run power generation major NTPC tumbled after the Central Electricity Regulatory Commission in its latest order directed power utilities to charge production incentives based on actual offtake, instead of on their readiness to produce power at above 85% capacity utilization.
The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 34 to 15, 1 stock remained unchanged.
The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 34 to 15, 1 stock remained unchanged.
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