Nifty trades above 24,800 level; pharma share advance
At 14:30 IST, the S&P BSE Sensex jumped 1,168.97 points or 1.47% to 80,478.98. The Nifty 50 index rose 291.85 points or 1.19% to 24,829.65.
In the broader market, the Nifty MidCap 150 Index declined 0.59% and the Nifty SmallCap 250 Index fell 1.20%.
The market breadth was weak. On the NSE, 1,569 shares rose and 2,717 shares fell. A total of 233 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 10.44% to 17.21.
Buzzing Index:
The Nifty Pharma index rose 1.10% to 27,910.65. The index jumped 2.95% in the four consecutive trading sessions.
Sai Life Sciences (up 13.39%), Glenmark Pharmaceuticals (up 5.22%), Sun Pharmaceutical Industries (up 1.88%), Abbott India (up 1.54%), Ajanta Pharma (up 1.04%), Divis Laboratories (up 0.95%), Alkem Laboratories (up 0.9%), Gland Pharma (up 0.79%), Mankind Pharma (up 0.57%) and Torrent Pharmaceuticals (up 0.48%) jumped.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.49% to 7.134 compared with the previous session close of 7.192.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 93.9550 compared with its close of 94.4100 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement declined 1.09% to Rs 1,42,525.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.31% to 101.95.
The United States 10-year bond yield shed 0.12% to 4.824.
In the commodities market, Brent crude for December 2026 settlement declined 72 cents or 0.73% to $97.57 a barrel.
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