Sensex Edges Higher, Nifty Holds Above 17,200 As IT, Pharma Shares Gain
NDTV
Sensex, Nifty Updates: At 12:57 pm, the NSE Nifty 50 index was up 0.21 per cent at 17,248, and the benchmark S&P BSE Sensex rose 0.21 per cent to 57,9292.45.
Shares edged up on Thursday in thin trading as information technology and pharma sectors gained, while the country reported the highest jump in daily coronavirus cases in a month.
At 12:57 pm, the NSE Nifty 50 index was up 0.21 per cent at 17,248, and the benchmark S&P BSE Sensex rose 0.21 per cent to 57,9292.45.
"The strong growth dynamic in the Indian IT sector and the status that pharma enjoys will ensure that money gravitates towards these sectors till there is clarity on Omicron fears," said Ajay Bodke, an independent market analyst.
The Nifty IT index gained 0.9 per cent and the pharma index added 0.55 per cent. The IT index has gained for a fifth straight week and is up over 59 per cent, so far this year.
