Stocks to watch - Sun Pharma, ITC Top Performers, Nifty above 10,850

Sun Pharma shares gained by more than 4.2% to hit Rs 455 in the early trade, after the margin adjusted for gains came in at 23.7% as compared to 21.84% on-year.hares of the country’s largest pharmaceutical company extended gains for the second day and rose as much as 4.2 per cent to Rs 455. The stock was the best performer on Sensex and Nifty. The drugmaker’s quarterly profit beat estimates on a higher margin, providing relief to India’s largest drugmaker as it grapples with corporate governance concerns.

ITC shares are trading more than 3% higher at Rs 283.90 this morning

Market Opens: Benchmark indices opened higher on Wednesday with Nifty trading above 10,850 marks. The Sensex is up 199.06 points at 36352.68, while Nifty is up 58.60 points at 10890. About 506 shares have advanced, 285 shares declined, and 33 shares are unchanged. Sun Pharma, ITC, Coal India, Indiabulls Housing, Jet Airways, ONGC, Bata, JSW Steel, TCS, RIL are the top gainers on the indices, while losers are HPCL, Infosys, Axis Bank.

Lumax Auto Halts Three-Day Fall Shares of the auto parts maker halted its three-day losing streak and rose as much as 4 per cent to Rs 143.80.

L&T bags orders: Buildings and factories business of L&T Construction has secured design and build order for the construction of hospitals from a private developer in India.

Rupee Opens: The Indian rupee gained in the early trade on Wednesday. It has opened higher by 22 paise at 70.48 per dollar versus previous close 70.70.

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