Delivery of Rafale Jets yesterday, Announcement of Unlock 3.0 seemed to have a little effect on the market movement.
Volatility Index (NIFTY VIX) rose by +3.28% today with company quarterly results taking more priority over other factors recently. According to Rohit Single, Senior Technical Analyst at LKP Securities “Going forward 11k will act as a make or break level “.
The market was lead by the NIFTY PHARMA at 10,766.05 with a gain of +3.11% and the NIFTY IT sector at 18,003.55 with an increase of +0.69 as all the other sectoral indices ended up negative.
In Pharma, Dr Reddy’s held top position like yesterday gaining 4.6% at 4516.60 followed by SUNPHARMA at 3.96%.
WIPRO gained 2.49% on news of its collaboration with Google Cloud platform.