Market Live: D-Street turns positive with Nifty above 10,500, Sensex around 35,000

Market Update Equities are trading in the green now, with the Nifty reclaiming 10,500.

The Sensex is up 81.55 points or 0.23% at 35041.27, and the Nifty up 34.40 points or 0.33% at 10522.90. The market breadth is positive as 1286 shares advanced, against a decline of 761 shares, while 104 shares were unchanged.

Dec 11, 11:31 AM (IST)   

MARKET OUTLOOK

In an interview to CNBC-TV18, Raamdeo Agrawal, Chairman at Motilal Oswal Asset Management said he stunned by the results of Chhattisgarh and surprised by MP and Rajasthan results.

The market reaction from last week, when the Sensex fell nearly 1,300 points, seems to have discounted lot more.

Now the event is behind us and it is not worst what market reacted on Monday when the Sensex closed lower by more than 700 points.

Results are little better than what predicted by exit polls.

Dec 11, 11:28 AM (IST)   

Market Update There has been a sharp recovery in the market on Tuesday, with the Nifty just short of 10,500.

Automobiles, PSU banks, pharmaceuticals, and IT index are in the green, while energy and Bank Nifty fell. 

The Sensex is down 21.29 points or 0.06% at 34938.43, and the Nifty down 0.20 points or 0.00% at 10488.30. The market breadth is positive as 1134 shares advanced, against a decline of 853 shares, while 95 shares were unchanged.

Midcaps have recovered sharply, with Nifty Midcap gaining over a percent 

Strides Pharma receives approval from USFDA: Strides Vivimed Pte. Singapore has received approval for Albendazole Tablets USP 200 mg from the United States Food & Drug Administration (US FDA). This is the second generic approval by USFDA for Albendazole Tablets. 

Lupin gets USFDA approval: Shares of pharma major Lupin was down 1.5 percent intraday Tuesday. The company has received tentative approval for its Apixaban tablets, 2.5 mg and 5 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Bristol-Myers Squibb Company's Eliquis Tablets, 2.5 mg and 5 mg

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Source: Moneycontrol