Sensex trades positive, Nifty above 9150; pharma falls

Sun Pharma to acquire Ranbaxy in $4 billion all-stock dealSun Pharma to acquire Ranbaxy in $4 billion all-stock deal

Benchmark indices were trading higher, driven by a rally in index heavyweight Reliance ahead of its quarterly earnings announcement on Monday.

The Sensex was up 73.10 points at 29495.49, while the Nifty was up 23.80 points at 9160.20. The market breadth was positive as 1,654 shares advanced against a decline of 823 shares, while 112 shares remain unchanged.

NTPC, Reliance and Tech Mahindra gained the most on both indices, while Sun Pharma, Cipla were the top losers.

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