Nifty Holds 11,400 Amid Flat Trade; Pharma, IT, Auto Stocks Rally

The Sensex is trading flat with a negative bias. While the Bank Nifty cut losses from its morning lows, PSU banks are seeing a sharp upmove, gaining over a percent. Pharmaceuticals have further extended their gains, while IT stocks are trading strong too. Metals are seeing some selling, falling around 2 percent. Among stocks, Sun Pharma, Axis Bank, GAIL and Dr Reddy’s Labs are the top gainers, while Kotak Mahindra Bank and Vedanta are the top losers. The Sensex is down 51.02 points or 0.13% at 37800.98, and the Nifty down 14.20 points or 0.12% at 11420.90. The market breadth is narrow as 1,218 shares advanced, against a decline of 1,181 shares, while 141 shares were unchanged. For more information please visit : www.dollaradvisory.com and call : 9111179961