After beginning the September series on a flat note, sharp buying in pharmaceuticals, IT and metals, among others, has helped the Nifty race past 11,700 on this morning. The Sensex is up over 100 points. Banks are currently trading flat, while automobiles are up around a percent on Nifty Auto index.
In the broader markets, Nifty Midcap is up over half a percent as well. Among shares, Idea Cellular is up 2 percent after NCLT approved its merger with Vodafone India, while Jet Airways is down 1 percent after MCA probes the airline for siphoning off of funds.
The Sensex is up 107.32 points or 0.28% at 38797.42, while the Nifty rose 38.90 points or 0.33% at 11715.70. The market breadth is positive as 1,257 shares advanced, against a decline of 564 shares, while 108 shares were unchanged.
Wipro, Sun Pharma, Bharti Infratel and HCL Tech are the top gainers, while Yes Bank and Reliance Industries have lost the most.
Missed call
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