Healthcare index jumps 425 points on pharma stocks

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- Oil-gas stocks boom: Offloading in IT stocks: Sold for Rs 1 crore in FPIs / FII cash, Rs 2 crore purchase in DII cash

(Gujarat News Representative) Mumbai, Ta. 3 April 2020, Friday


Today, on the last day of the week, as a result of the growing corona epidemic worldwide, the situation of continued economic crisis has been worsening.

Of course the healthcare industry around the world may have been researching to prevent Corona virus, and the increasing demand for various medicines by Indian pharma companies and the growing global opportunities have led to the continued aggressive buying of funds in healthcare-pharma stocks today.


Crude Oil Brent jumped from a low of $ 5 to a high of $ 5 and a barrel of crude oil jumped from a high of $ 1 to a drop in crude oil production by Russia and Saudi Arabia yesterday. Of course, the weekly unemployment figures in the United States, which was recorded yesterday, rose to record more than 3 million, amid a deteriorating global situation.

The US dollar against the rupee today rose 5 paise to close at Rs. FMCG, along with the continued boom of funds in pharma-healthcare stocks, today led to heavy offloading of banking-finance stocks against the selective attraction of oil-gas stocks and sold shares in IT-software services, automobiles, consumer durables, metal stocks and auctioned shares. And the Nifty spot was down 5 points to close at 4.1. The BSE Healthcare Index jumped 4.1 points to close at 5.1 and the BSE Banks Index closed 4.1 points, closing at 4.1.

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