Pharma index gains more than 1% . Defensives in focus as markets break
Mon, Jul 22, 2024 3:28 PM

Pharma index gains more than 1% . Defensives in focus as markets break

A Flip by Riya Sharma
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Nifty Pharma Index surged over 1% on Monday, outperforming the marginally negative Nifty-50 index ahead of the Budget 2024 announcement. Defensive stocks are in focus amid market volatility, suggesting investors are seeking relatively stable investments before the budget reveal. The defensives remain is spotlight amidst volatility in the markets ahead of budget 2024.

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📢 Benchmark indices close marginally mixed today; Nifty around 23,750

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📈 Domestic benchmark indices closed on a flat note on 26 December, 2024. 📢 At 3:30 PM, the Sensex fell 0.39 points or 0.00% at 78,472.48, and the Nifty was higher by 22.55 points or 0.10% at 23,750.20. 📊Among sectoral, Nifty Auto (⬆️0.84%) turned out to be the best performer while Nifty FMCG (⬇️0.32%) saw considerable selling.

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