Benchmark share indices continued to hold on to their gains in noon trade on Monday with Lupin emerging as the top gainer following the USFDA clearance for it Goa unit.
the S&P BSE Sensex was up 209 points at 27,483 and the Nifty50 was up 76 points at 8,506. In the broader markets, the BSE Midcap and Smallcap indices were up 1.3%-1.6% each. Market breadth was strong with 2006 gainers and 596 losers on the BSE.
Foreign institutional investors were net sellers in equities worth Rs 343 crore on Friday, as per provisional stock exchange data.
Lupin was up over 7% after the pharma major said that it has received Establishment Inspection Report (EIR) from the US health regulator for its Goa plant leading to closure of all outstanding inspections of the facility.
Among other pharma shares, Sun Pharma and Dr Reddy's Labs were up over 1.7% each. In the broader markets, Glenmark Pharma, Aurobindo Pharma, Neuland Labs, Dishman Pharma, were up over 4% each.
PNB was up over 5% post the listing of its housing finance arm.
ICICI Bank was up 1.7% ahead of its second quarter earnings due for release today.
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