MARKET LIVE: Sensex gains 300 points; pharma, defence stocks rally – Business Standard

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MARKET LIVE: Sensex gains 300 points; pharma, defence stocks rally – Business Standard


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MARKET LIVE | Markets | Bharti Airtel

SI Reporter  |New Delhi 

Traders monitor BSE index at a brokerage firm, as the Sensex goes down, in Mumbai | PTI

The Indian

markets

were trading over half a per cent higher in Monday’s range-bound session, lifted mainly by pharma stocks.

Shares of defence equipment manufacturers and suppliers rallied up to 11 per cent on the BSE after the Ministry of Defence (MoD) announced on Sunday a phased, year-wise embargo on the import of 101 items of defence equipment.

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The Nifty sectoral indices were trading in the green, led by Nifty Pharma index, up 5 per cent.

Results today
 

A total of 100 companies including

Titan

and

Bank of Baroda

are scheduled to announce their June quarter results today.

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