Sensex, Nifty recover; Dr Reddy’s Labs up 7%, PSU Bank slips

Epic Research sensex nifty50Epic Research sensex nifty50

Equity benchmarks recouped losses in last hour of trade as the Sensex was down only 4.26 points at 32,396.25 and the Nifty fell 11.40 points to 10,129.75.

The market breadth remained negative as about 1,490 shares declined against 973 advancing shares on the BSE.

Healthcare stocks gained momentum after Dr Reddy’s Labs received establishment inspection report from the USFDA for Formulation Srikakulam Plant (SEZ) unit II, Andhra Pradesh. The stock gained 4.6 percent followed by Sun Pharma, Cipla, Lupin and Aurobindo Pharma.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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