Sensex rises over 100 points, Nifty above 10400, pharma stocks trade higher

BSE Sensex rises over 100 points, while the Nifty 50 trades above 10,400. Here are the latest updates from the markets

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Sensex rises over 100 points, Nifty above 10400, pharma stocks trade higher

The benchmark BSE Sensex rose over 100 points in the early session on Friday as the March derivatives series kicked off on a strong note amid positive Asian cues. All BSE sectoral indices were in the green, led by healthcare, bank, metal and realty stocks. The NSE Nifty50 also rose past 10,400 level. Both the indices closed marginally lower in the last session. Brokers said investors were creating fresh positions at the start of March futures and options (F&O) series, that led to a recovery in the market. A firm trend in Asian markets on positive cues from Wall Street pushed buying activity in bourses here, they added. (PTI) Here are the latest updates from the markets:

Market updateBSE Sensex traded higher by 96.17 points, or 0.28%, to 33,915.67, while the Nifty 50 rose 33.05 points, or 0.32%, to 10,415.75. Meanwhile, BSE MidCap and SmallCap rose 1%. All the sectoral indices on BSE, except capital goods, traded higher led by metal, which rose 2.20%, healthcare 1.85%, and basic materials 1.56%.


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Bank of Baroda shares rise after it denies any exposure to PNB

Bank of Baroda shares gained 1.5% to Rs145.30 after the bank clarified to the exchanges that it has no exposure to LoUs issued by PNB in the alleged fraud case involving Nirav Modi.


Federal Bank shares up 3%

Federal Bank Ltd shares rose 3.5% to Rs93.05 after the bank said in a notice to BSE that its board approved acquiring 26% stake in Equirus Capital.

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