Stocks of major
pharmaceutical companies are likely to move in line with the broader
markets due to lack of sector-specific triggers. Earnings of most major companies are
over and there is nothing that the market is anticipating for the pharma sector, so the
stocks will be reacting to specific news. Largely, it will move according to how the Nifty will shape up in the next week.
Stocks of Natco Pharma Ltd rose 8.4% today to touch day's high of 839.85 rupees on
high volumes, and its upward run is likely to continue. Thursday, stock markets will
remain closed on account of Mahashivratri, due to which the derivatives contract will
expire on Wednesday. Broader market is expected to perform in a volatile manner
because of the expiry of February futures and options contract.
markets due to lack of sector-specific triggers. Earnings of most major companies are
over and there is nothing that the market is anticipating for the pharma sector, so the
stocks will be reacting to specific news. Largely, it will move according to how the Nifty will shape up in the next week.
Stocks of Natco Pharma Ltd rose 8.4% today to touch day's high of 839.85 rupees on
high volumes, and its upward run is likely to continue. Thursday, stock markets will
remain closed on account of Mahashivratri, due to which the derivatives contract will
expire on Wednesday. Broader market is expected to perform in a volatile manner
because of the expiry of February futures and options contract.
