Sensex trades strong, Nifty hovers around 10000; Sun Pharma gains

Sun Pharma to acquire Ranbaxy in $4 billion all-stock deal
Benchmark indices were trading strong in the afternoon session, with the Nifty now hovering around 10,000-mark.

The Sensex was up 103.89 points at 32332.16, while the Nifty was up 31.80 points at 9996.35. The market breadth was narrow as 1366 shares advanced against a decline of 1169 shares, while 154 shares were unchanged.

Tata Steel, Sun Pharma and Vedanta gained the most on both indices, while Axis Bank and Asian Paints lost the most.

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