Indices: Stock market update: Nifty Pharma index falls 0.01% in a weak market
The Nifty Pharma index was trading 0.01 per cent down at 14918.85.
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The Nifty Pharma index was trading 0.01 per cent down at 14918.85.
“The FOMC's decision aligned with market expectations as they implemented a 25bps hike and expressed a data-centric approach for future rate actions. Positive global sentiment prevailed due to the reduced prospects of a US recession. Despite this, the domestic market witnessed sharp correction led by banks and autos, while pharma stocks performed on a positive start to their earnings season,” Vinod Nair, Head of Research at Geojit Financial Services, said.
The Nifty Realty index closed 1.19 per cent up at 541.35.
The Nifty IT index closed 0.13 per cent up at 29800.4.
The Nifty Auto index closed 0.01 per cent down at 15763.25.