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At a time when the whole world is bleeding as a majority of the British opt for exiting the European Union, a few sectors and shares remained stubborn on the BSE on Friday.
One such sector that remained healthy was pharmaceuticals, due to safe haven bet. Sun Pharma Advanced Reserach Company and its promoter Sun Pharma shares were in the green. Sun Pharma board on Thursday approved a buyback proposal.
Sun Pharmaceutical Industries Ltd, India’s largest drug maker, on Thursday said it will buy back 7.5 million shares from the public at a price of Rs 900 each.
Meanwhile, The BSE Sensex tumbled close to 1,000 points. In early trade, the BSE Sensex crashed below 26,000-mark. The NSE Nifty-50 index plunged over 300 points to dip below 8,000-mark.
Only 160 stocks on the BSE gained as against 1,900 dipping deep in the red.
Another A-group stock that remained in the green was MphasiS, which is being acquired by private equity major Blackstone.
Some of the small-cap stocks that witnessed strong rally include Pudumjee Industries, Jai Balaji Industries, Asian Hotels (West), Bhagyanagar Industries and Nicco Parks.
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