Benchmark indices have had a good start on this Thursday morning, even as D-Street tries to look past weak rupee. The currency has been weighing on the indices in the past few sessions. The Sensex is currently higher by 100 points, while the Nifty is hovering around 11,500. Major sectoral indices are trading in the green, with pharmaceuticals, metals and auto leading the charts, while PSU banks and energy names, too, are higher.
Midcaps are seeing some recovery today after the beating it took yesterday. The Nifty Midcap index is up around a percent. Among stocks, Aurobindo Pharmaceuticals is up 4 percent after it acquired commercial operations and three manufacturing units from Sandoz, a Novartis generic division, in the US. Power Grid, Tata Steel, and GAIL were the top gainers, while Airtel, TCS, Zee Entertainment and Hindalco have lost the most.
The Sensex is up 136.29 points or 0.36% at 38154.60, while the Nifty is higher by 31.80 points or 0.28% at 11508.80. The market breadth is positive 1,258 shares advanced, against a decline of 519 shares, while 129 shares were unchanged.
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