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Indian Markets Trade in the Green
Fri, 23 Oct 11:30 am

After opening firm, the Indian Markets continued to trade positively. Sectoral indices are trading on a positive note with stocks from the banking, pharma and oil and gas sectors leading the gains. However, capital goods stocks are witnessing selling pressure.

BSE-Sensex is trading up 210 points (up 0.8%) and the NSE-Nifty is trading up 53 points (up 0.6%). The S&P BSE Midcap index and the S&P BSE Smallcap index are also trading in the green, both up by 0.4%. The rupee is trading at 64.87 to the US$.

Automobile stocks are trading mixed with Maharashtra Scooters and Force Motors leading the gains. As per a leading financial daily, the country's largest two-wheeler maker Hero MotoCorp is all set to enter three new countries - Argentina, Mexico and Nigeria by the end of this financial year. This is in line with the company's strategy that will help in widening its footprint across global markets.

Cadila Healthcare and Strides Acrolab witnessing maximum buying interest. According to an article in Economic Times, Sun Pharma has settled a patent litigation with US-based Acorda Therapeutics Inc over Ampyra extended-release tablets, which is used to treat multiple sclerosis patients.

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Oct 19, 2017 (Close)