Positive global cues spill over to Indian markets. Nifty reclaimed 11,000, while the Sensex touched an all-time high mark.

The benchmark indices are continue to trade strong with Sensex trading higher by over 300 points and Nifty above 11,000 mark.

The Sensex up 345.82 points at 36611.75, and the Nifty up 106.50 points at 11054.80. About 1398 shares have advanced, 782 shares declined, and 132 shares
are unchanged.

HDFC Bank, Reliance Industries, HDFC, Kotak Mahindra Bank and ICICI Bank are the positive contributors to the Sensex.

Among the sectors, PSU bank and energy index are trading with 2 percent gain, while pharma and metal are up over 1 percent.

Shares of Alembic Pharmaceuticals gained 2.5 percent on the back of tentative USFDA approval for Ticagrelor tablets, 90 mg.

The company has received tentative approval from the USFDA (US Food & Drug Administration) for its abbreviated new drug application (ANDA) Ticagrelor
Tablets, 90 mg.

The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Brilinta Tablets, 90 mg, of Astrazeneca
Pharmaceuticals LP.

Ticagrelor tablets are indicated to reduce the rate of cardiovascular death, myocardial infarction, and stroke in patients with acute coronary syndrome (ACS)
or a history of myocardial infarction (Ml).

Shares of MRO-TEK Realty surged 5 percent intraday Thursday as company selected by BSNL.

The company has empaneled with BSNL (Bharat Sanchar Nigam) as a National Systems Integrator partner for Enterprise Business.

Jul 12, 10:22 AM (IST)
Market Update: Equity benchmarks have continued to trade strong, with the Sensex rising over 250 points, while the Nifty continues to trade above 11,000-mark.

The Sensex is up 269.49 points or 0.74% at 36535.42, while the Nifty is up 84.30 points or 0.77% at 11032.60. The market breadth is positive as 1,295 shares
advanced, against a decline of 548 shares, while 112 shares are unchanged.

Yes Bank, Reliance Industries, HPCL and BPCL were the top gainers, while Infosys, M&M, and Bharti Infratel lost the most.

SOURCE: moneycontrol.com