The stock, with a market capitalization of more than Rs 3.9 lakh crore, has been trading in a range where levels closer to Rs 770 acted as a stiff resistance while Rs 640 on the downside acted as crucial support.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.