Among the sectors, banks along with the metal sector are trading in the green while the midcap and smallcap indices half a percent each.

Caplin Point arm Caplin Steriles gets US FDA nod for Labetalol Hydrochloride injection:  Caplin Steriles Limited, a subsidiary of Caplin Point Laboratories Limited, has been granted final approval from the United States.

Food and Drug Administration (USFDA) for its abbreviated New Drug Application Labetalol Hydrochloride injection, a generic therapeutic equivalent version of (RLD), TRANDATE injection, of Sebela Ireland Limited. Labetalol Hydrochloride injection USP in indicated for control of blood pressure in severe hypertension. The stock was trading at Rs 15.25, or 1.86 percent. It has touched an intraday high of Rs 856.15 and an intraday low of Rs 810.95.

Bank Nifty Outshines Frontliners

Bank Nifty snapped three-day losing streak and gained more than 300 points to trade at 36,770 levels, whereas benchmark indices are consolidating around their previous closing levels especially after run up in last few days.

Olecta Greentech Locked in 5% Upper Circuit

Olectra Greentech shares were locked in 5 percent upper circuit today as Nomura India Investment Fund Mother Fund – The MTBJ AC Nomura India investment FD bought 28.2 lakh equity shares in the company at Rs 321 per share.

However, Goldstone Power sold 28.2 lakh equity shares in the company at Rs 321 per share on the NSE, the bulk deals data showed on September 7.

Gulf Oil Lubricants India in News

Rating agency ICRA has reaffirmed the ratings of the long term fund-based limits and short-term non-fund based enhanced limits.

Asian Granito share Rally 11%

Asian Granito India trades ex-rights today. The share price is trading at Rs 154.10 per share, rising 11 percent over previous closing of Rs 138.8 per share.

The stock hit an intraday high of Rs 156.05 and low 143.40 today.

After scaling an intra-day high of 58,195, the 30 share BSE index jumped 277 points or 0.48 per cent to finish at record high of 58,130. While the broader NSE Nifty settled 89 points or 0.52 per cent higher at fresh peak of 17,324.

Reliance was the top gainer in the Sensex pack rising above 4 per cent followed by Titan, Tata Steel, Bajaj Auto, Maruti, and Dr. Reddy’s.

Whereas HUL, Bharti Airtel, HDFC Bank, HDFC, Induslnd Bank and Axis Bank were the major losers falling up to 1.18 per cent.

On the NSE platform, sub-indices Nifty Oil and Gas, Media, Auto, and Metal gained as much as 2.48 per cent.

“The sentiments look positive and market is set to continue or at least hold the gains in the United States, although the market might be cautious in the second half ahead of US jobs data,” Anand James, chief market strategist at Geojit Financial Services told Financial told news agency Reuters.

Domestic markets, having outperformed Asian peers so far this year, has enjoyed its record highs on abundant liquidity and positive global cues, along with the Fed’s dovish stance.

The Nifty has hit record high 47 times and the sensex 38 times this year, as per Refinitiv Eikon data.

Investors also await US jobs data to ascertain the pace and timing of the Federal Reserve’s tapering of asset purchases.