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The market gained strength in afternoon trade with the Sensex rising 199.26 points to 25851.10 and the Nifty climbing 43.85 points to 7855.85.
The broader markets too traded in line with benchmarks; the BSE Midcap and Smallcap advanced 0.4-0.6 percent.
IDBI gained 12 percent. MD and CEO Kishor Kharat told CNBC-TV18 that while he hasn’t heard any news of an Axis Bank like structure for IDBI Bank, but it would certainly be a welcome move.
Dishman Pharma gained 8 percent after the company announced a tie-up that makes them exclusive supplier of the API for Janssen’s tuberculosis drug – Sirturo.
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Posted in: Indian Market Tips
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