Money on the markets
A maturing market amid the mayhem
It was a good day of trade for investors in healthcare counters. The index for healthcare stocks gained 1.6 percent and ended as top sectoral gainer.
Opto Cicuits gained 3.2 percent and topped the index, followed by Cadila which rose 2.5 percent.
Cadila Healthcare said it had received approval from the Drug Controller General of India to market its H1N1 vaccine in the country.
Shares in Bilcare, Orchid Chemicals, Apollo Hospitals and Fortis Healthcare ended down over 1 percent.
Shares in Cipla fell more than 6 percent on Monday to close at 319 rupees, even as the BSE Sensex surged 561 points.
Shares of the drugmaker tumbled as its March quarter net profit, announced on Friday, were below estimates.
Shares of healthcare companies traded firm on Thursday, helping push the sectoral index up 1.4 percent to the top of the gainers’ list.
Ranbaxy Labs gained 3.3 percent and ended as the top gainer in the healthcare index. Cipla and Sun Pharma were also among the shares that clocked decent rises.