Epic Update Sun Pharmaceutical
Equity benchmarks were off day’s high after last week’s stellar rally. The Sensex rose 66.03 points to 26719.63 and the Nifty gained 14.30 points at 8170.95.
The BSE Midcap and Smallcap indices also gained quarter of a percent but the market breadth remained flat.
Sun Pharma declined 1.5 percent ahead of fourth quarter earnings. A CNBC-TV18 poll expects strong quarter with exclusivity sales from Gleevec generic boosting margins. Tata Motors gained 4 percent as analysts expect a stable quarter for the company with improvement in commercial vehicle segment driving standalone revenues. Steady growth in UK & China is expected to boost JLR volumes.
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