Pharma stocks have been lending support to the major benchmark indices, Nifty and Sensex in the morning trade. Nifty Pharma index is top gaining among the sectoral indices on NSE. The index is trading at 9,083 level, up by 223 points or 2.53%. Dr Reddy’s is top gainer in the index trading at Rs 2,177 per share, up by Rs 156.1 per share or 7.72%. Lupin, Divi’s Lab, Sun Pharma and Aurobindo Pharma are also among the gainers in the index trading higher by over 2%. Other pharma stocks like Glenmark, GlaxoSmith, PEL and Cadila are trading higher by more than 1%. There are 1,148 advances, 361 declines and 444 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
Best Shares to Buy Today : 1st September Friday
By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on whom the market will look.
VRL Logistics – Reliance Mutual Fund has bought two million shares of VRL Logistics at a price of Rs 339.9 per share.
BEML – Merrill Lynch Markets bought 2.64 lakh shares of BEML at a price of Rs. 1763.52 per share.
Arvi Denims – Value investor Porimenu vi Veliath bought 1.81 lakh shares of Arvy Denims at a price of Rs 36 per share.
ABB India – ABB India will install solar inverter on 750 railway stations.
Goodyear – Goodair has developed new tire technology in America. Goodyear has prepared soybean oil based rubber compound. The new technology is economical, carbon natural and renewable.
IRB Infra – The company will sell Pathankot-Amritsar toll road to IRB Investment Fund. The Board has approved the deal on the enterprise value of Rs.1570 crores.