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Sun Pharma, Dr Reddy's, IndusInd Bank, Bajaj Auto and more: Key stocks that moved the most on Dec 29

Sun Pharma, Dr Reddy's, IndusInd Bank, Bajaj Auto and more: Key stocks that moved the most on Dec 29

Sun Pharma, Dr Reddy's, IndusInd Bank, Bajaj Auto and more: Key stocks that moved the most on Dec 29
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By CNBCTV18.com Dec 29, 2021 4:05:47 PM IST (Published)

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SUMMARY

Indian benchmark indices ended on a negative note. On Wednesday, Nifty50 closed 0.1 percent lower at 17,213.6 while Sensex ended at 57,806, down 0.2 percent. Here are key stocks that moved the most in today's trading session:

Pharmaceutical stocks, Pharmaceutical companies, share price, stock market, DCGI nod for molnupiravir
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Pharmaceutical companies | Nifty Pharma stood the strongest today, ending 1.71 percent higher. The Drug Controller General of India approved the anti-COVID-19 pill Molnupiravir for emergency use in India which strengthened the buying sentiment for pharmaceutical stocks. Shares of Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Cipla and Divi’s Laboratories ended 2.33 percent, 1.65 percent, 0.10 percent and 2.05  percent higher respectively.

IndusInd Bank, share price, stock market, nifty bank rebalancing
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IndusInd Bank | The stock closed 1.71 percent higher. According to Edelweiss Alternative Research, IndusInd Bank shares were expected to witness fund inflow of about $58 million as part of Nifty Bank rebalancing. The rebalancing will take place on Thursday and the changes will become effective from December 31.

JK Cement, share price, stock market, nifty500
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JK Cement | The cement maker’s shares ended 5.19 percent lower and were the biggest drag on Nifty500.

Bajaj Auto, share price, stock market, electric vehicle unit
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Bajaj Auto | Shares of the automaker ended 2.93 percent higher. This upmove came after Bajaj Auto announced new Electric Vehicle manufacturing unit for India. The company has announced Rs 300 crore investment to build capacity in Electric Vehicles.

MacroTech Developers, stock market, share price, morgan stanley initiates coverage
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Macrotech Developers | The stock settled 1.93 percent higher. On Tuesday, Morgan Stanley initiated coverage on the company’s shares with ‘equal-weight’ rating on prospects of good cash flow visibility.

Responsive Industries, share price, stock market, nifty 500
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Responsive Industries | Shares of the company closed 19.44 percent higher and were the best performers on Nifty500. (Image source: Company website)

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