Sensex, Nifty off early highs on profit booking; auto, pharma down



Sun Pharma to acquire Ranbaxy in $4 billion all-stock dealSun Pharma to acquire Ranbaxy in $4 billion all-stock deal

Benchmark indices erased early gains to trade moderately higher. Auto, pharma, select technology, banks and FMCG stocks were under pressure.

The 30-share BSE Sensex was up 4.60 points at 31,226.22 and the 50-share NSE Nifty gained 7.25 points at 9,622.25.

The broader markets continued to outperform benchmarks on positive breadth. About two shares advanced for every share falling on the BSE.

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