Aurobindo Pharma And Dr. Reddy’s Labs Slip Over 1%
Pharma majors Aurobindo Pharma, Dr. Reddy’s Laboratories and Cadila Healthcare were trading in the negative territory during afternoon trade on Tuesday, keeping the sectoral index down. The Nifty Pharma index was trading 0.24 percent down at 8,717 around 1 pm.
Shares of Lupin, Piramal Enterprises, and Sun Pharmaceutical Industries were also trading in the red. On the other hand, shares of Divi’s Laboratories jumped nearly 3 percent during Tuesday’s trade. Shares of Cipla and Glenmark Pharmaceuticals were also in the green around that time.
Equity benchmarks were trading in the positive zone on sustained buying by investors ahead of earnings season, scheduled to begin this week, amid a firm trend in other Asian markets. The NSE Nifty50 index was up 20 points at 10,400, while the BSE Sensex was up 90 points at 33,878. Out of total 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red. Axis Bank, ICICI Bank, Hindalco, Tata Steel and Adani Ports SEZ were among the top gainers in the Nifty index. However, Indiabulls Housing Finance, Mahindra & Mahindra, Hero MotoCorp, Bajaj Finserv and HDFC Bank were among the top losers in the Nifty pack of stocks.
While analyzing the market you need to follow certain rules. Following are some advice to the investors that will help you to understand the market.
It is said that the typical decision of buyer is usually heavily influenced by the actions of his neighbors or relatives. Hence, when people around you are investing then it is time for you to do the opposite. This strategy will help you in the long run. You must always avoid following the herd mentality if you do not want to lose your hard-earned money in stock markets.
You are suggested to take well-informed decisions only. Always ensure to do research before you invest in any particular stock. However, investors rarely do this. People generally go by the name of a company or the industry they belong to. However, this is not the right way of putting your hard earned money into the stock market. It is recommended by the experts that you must never invest in a stock but invest in a business instead. Investing in a business you understand means before investing in a company, you should know what business the company is in.