Sensex, Nifty remain strong; Bajaj Auto, Cipla top gainers

Equity benchmarks rallied more than 1 percent and the broader markets also gained in-line with frontliners. The Sensex surged 339.41 points to 27350.72 and the Nifty jumped 106.65 points to 8288.15.

Cipla climbed 3.4 percent as Teva conference call revealed that Nexium generic drove a large part of the revenue and gross profit growth. The call highlighted that Teva could log gross profit of USD 110-130 million in Q1CY15.

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Posted in: Indian Market Tips