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Indian share markets soar higher
Thu, 9 Oct 01:30 pm

Indian share markets continued to trade higher in the post-noon trading session. All the sectoral indices are trading in the green led by banking and realty stocks.

BSE-Sensex is up 373 points and NSE-Nifty is trading 105 points up. BSE Mid Cap is trading 1.6% up and BSE Small Cap index is trading up by 1.4%. The rupee is trading at 60.84 to the US dollar.

Most of the food & tobacco stocks are trading in the green with GSK Consumer and Nestle being the major gainers whereas ITC and Britannia are trading in the red. As per a leading financial daily, Britannia has forayed into the mainstream cookie segment through the launch of Tiger Butter Krunch. The butter cookies are fortified with iron, vitamins and calcium and have been launched in a disruptive cookie segment targeted towards kids. The cookies are available in pack sizes of 45 g and 200 g between a price range of Rs 5 and Rs 20. Britannia stock is trading down 0.2% presently.

Majority of the domestic pharma stocks are trading in the green led by Dishman Phrama and J B Chemicals. As per a leading financial daily, Cipla's subsidiary Medpro Pharmaceutica has entered in to an agreement with Teva Pharmaceuticals for the South African market. Teva Pharmaceuticals is the largest generic pharmaceutical company in the world. Under the agreement, Cipla Medpro will market Teva's pharmaceutical product portfolio in South Africa. The products to be marketed will focus on oncology, central nervous system, women's health, cardiovascular, ophthalmology and other specialty products. The collaboration is subject to approval by the Competition Commission of South Africa. Cipla stock is currently trading up 1.9%.

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