Mumbai: After several days of heavy selling, the stock market opened with great momentum today. Nifty 50 crossed the 17,000-mark in early trade, while the BSE Sensex jumped over 500 points. Both the indexes cut their early gains due to a mixed stance by investors. The BSE Sensex was trading 0.39 per cent higher at 6,816 points at 11.20 am. Similarly, the Nifty 50 index was also trading 0.48 percent higher at 50 16,940 points. Sun Pharmaceuticals, ITC Ltd and Dr Reddy’s Laboratories were the top gainers in the Sensex while Asian Paints, Titan and Tech Mahindra ) saw the biggest fall in the shares.
Only the BSE consumer durables sector declined. The reason for this was the fall in the shares of Titan Company Limited. BSE Metals had lost over nine per cent in the last five sessions but today it was the biggest rallying sector with a gain of two per cent. BSE Healthcare, BSE Power and BSE Utilities sectors also saw good gains. Sun Pharmaceuticals shares rose more than three per cent. The company has announced the purchase of Uractiv Portfolio from Romanian company Fiterman Pharma. Here is a list of penny stocks that touched the upper circuit today. Keep a close eye on these in the days to come.
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