INDIAN BENCHMARK are trading higher for the second consecutive session on fresh buying by fund and retail investors in Healthcare, Oil & gas and Capital goods stocks. Meanwhile, US Federal Reserve’s decision to keep interest rates near zero for a considerable time has boosted the sentiments of the market participants.
FURTHER, Sun Pharmaceutical Industries is trading higher by 2% after it has entered into a licensing agreement with Merck & Co Inc for investigational therapeutic antibody candidate. Shares of Apollo Hospitals gain 2% on acquiring pharmacy business of Hetero Med Solutions Ltd on slump sale basis focus on strengthening position in South India.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 161cr, as per the provisional figures released by the NSE.
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