Sensex, Nifty trade strong on expiry day; pharma continues to bleed

Epic Update  Lupin
Continuing with its upward trend, the market traded firm and remained rangebound on a day when derivative contracts for May series is set expire.

The Sensex was up 149.03 points at 30450.67, while the Nifty was up 50.45 points at 9411.00. The market breadth was narrow as 1,572 shares advanced against a decline of 898 shares, while 144 shares were unchanged.

Pharma stocks continued to bleed, with Lupin and Dr Reddy’s Laboratories losing the most, while L&T, GAIL and ICICI Bank gained the most.

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