Value-buying on reports of Sun Pharmaceutical Industries acquiring troubled Ranbaxy Laboratories, in an all-stock transaction with a total equity value of USD 3.2 billion, led smart gains in healthcare segment.
The 30-share index Sensex resumed lower at 22,355.56 and declined further to 22,319.73 later rebounded to 22,481.62 before quoting 22,434.95 at 1000hrs, showing a gain of 75.45 points or 0.34 percent from its last close.
The NSE 50-share Nifty also quoting higher by 17.45 points or 0.26 percent to 6,711.80 at 1000 hours.
Major gainers were - Sun Pharma 2.86 per cent, Gail 1.13, SSLT 1.03 percent, Larsen 0.99 per cent, ONGC 0.92 percent, Tata Steel 0.78 percent and Tata Motors 0.78 percent.
Most Asian stocks fell in their morning trade. Key benchmark indices in South Korea, Hong Kong, Singapore and Japan were down 0.22 percent to 1.34 percent. Markets in mainland China and Thailand are closed for a holiday.
Meanwhile, Foreign Institutional Investors (FIIs) bought shares worth net Rs 232.46 crore on last Friday, as per provisional data from the stock exchanges.


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