Indian equity markets are consolidating within a narrow range, with Nifty struggling to break 24,000 and Bank Nifty showing relative strength. Sector rotation is active, offering stock-specific opportunities in pharma, healthcare, energy, auto, and capital market-related stocks. Traders are advised to use range strategies and defined-risk options due to muted overall momentum.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO