Benchmarks extend gains, Nifty around 9100; Sun Pharma up 6%

Epic Update Shasun Pharma
Epic Update Shasun Pharma

The market continued to extend its gains from the previous session as the Street reacted positively to BJP’s victory in state assembly elections.

The Sensex was up 539.64 points at 29485.87, while the Nifty was up 162.30 points at 9096.85.

The market breadth, however, was slightly narrowing, as 1,746 shares advanced, 1,000 shares declined and 174 shares remained unchanged.

ICICI Bank and Sun Pharma were the top gainers, while Coal India and Bharti Airtel were among the top losers on both the indices.

Shares of Sun Pharma recovered over 6 percent from the day’s low as investors turned bullish on reports of US FDA lifting an import alert from Mohali unit.

The stock jumped up nearly 6 percent intraday on Tuesday after the company said that the US Food and Drug Administration was planning to remove Sun Pharma from the Official Action Initiated status.

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