Tuesday 29 March 2016

Nifty holds 7650, Sensex strong; Healthcare Global falls 20%

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Equity benchmarks continued to hold early gains with the Sensex rising 193.42 points to 25093.88 and the Nifty climbing 60.95 points to 7657.95. Banks, FMCG, oil, auto and pharma stocks gained.

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising more than 1 percent. The market breadth remained strong as more than three shares advanced for every share declining on BSE.

Shares of Healthcare Global Enterprises, the cancer-care network operator, started off trade on a negative note despite positive market trend. The stock listed at Rs 210.20 on National Stock Exchange, down 3.6 percent compared to issue price of Rs 218. It fell nearly 20 percent in early trade to hit day’s low of Rs 175 after seeing a high of Rs 211.90.

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