Sensex up nearly 200 points; Pharma, bank stocks shine

Last Updated: Fri, Feb 17, 2017 14:57 hrs
A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange building in Mumbai

Key Indian stock indices Sensex and the Nifty50 remain fairly well placed in positive territory this afternoon, as buying continues at several front line counters from across various sectors.

Healthcare, bank and oil stocks are among the prominent gainers. A few stocks from oil, capital goods and power sectors too have risen sharply.

The Sensex is up 191.78 points or 0.67% at 28,493.05, while the Nifty50 is up 49.70 points or 0.57% at 8827.70.

HDFC Bank is up 3.5% following the central bank allowing foreign investors to buy more of the stock after their holdings fell below the prescribed limit. Canara Bank is gaining 2.3%. IndusInd Bank, ICICI Bank, IDFC Bank and Federal Bank are up 1.2% - 1.3%. Kotak Bank, Bank of Baroda and Yes Bank are up marginally, while State Bank of India, Punjab National Bank, Axis Bank and Bank of India are weak.

In the healthcare space, Cadila Healthcare is up 4.75%, extending recent strong gains. Sun Pharmaceutical Industries is up nearly 4%. Divi's Laboratories is up 2.6%. Glenmark Pharmaceuticals, Piramal Enterprises, Lupin and Aurobindo Pharma are up 1.2% - 1.8% and GlaxoSmithKline Pharmaceuticals is advancing 0.7%.

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