Nifty Pharma index hits 4-year high

The sectoral indices namely the Nifty Pharma index advanced the most, rising 5.4% to a four-year high. Robust quarterly results helped Divi's Laboratories Ltd and Cipla Ltd scale record highs, closing 12.06% and 9.48% higher, respectively.

The blue-chip NSE Nifty 50 index, which climbed 1.1% during the session, closed 0.5% higher at 11,270, while the S&P BSE Sensex ended up 0.37% at 38,182.08.

Index has showed profit booking from previous swing high if index continued to trade below 11350 we see some more profit booking in coming session, immediate support is coming near 11200-11100 zone and resistance is coming near 11350 zone.

On the sectoral front, Pharma stocks continue with their dream run and clearly there is no stopping for it.

Source : Live Mint