14:18
Moneycontrol BureauThe market picked up in afternoon trade. The Sensex was up 134.66 points at 18999.41. The Nifty managed to cross 5700 and was at 5738.30 (up 33.90 points) led by pharma, capital goods and metal select commodity stocks. Select rate sensitives, meanwhile, were under pressure.
Sun Pharma (up 4 percent), Sterlite (up 3.4 percent), Wipro (up 3.3 percent), ONGC (2.5 percent) and Cipla (up 2.2 percent) were the key gainers on the Sensex. Much greater traction was seen across broader markets. The midcap index was up 1.2 percent. BF Utilities, Delta Corp and GSPL were some of the key gainers from that space.
Mangalore Chemicals was up 20 percent after 8.5% equity changed hands in a range of Rs 33.15-38.50 a share.
Meanwhile, auto stocks continued to lose. Bajaj Auto, Tata Motors, ICICI Bank, Tata Power and Bharti Airtel were the biggest losers in the Sensex.
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