Sensex closed the day 416 points higher.
Sensex is under pressure due to concerns in the global market.
A recent report has suggested that future patent expires in the cardiac and anti-diabetes space would form a good opportunity for smaller firms, given their franchise in these segments.
India serves as the company's R&D hub as it morphs into a health tech major.
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
Low growth visibility and trouble with regulators have resulted in lack of interest from investors
Of the 30-share Sensex pack, 15 today closed in the red
Markets at close: Sensex ends in green; Nifty rises to new closing peak.
The NSE Nifty also moved up by 12 points to 8,648.35.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Financial shares were among the top gainers with HDFC leading the gains.
Even as the Supreme Court had recently dismissed the industry's plea against prices fixed by the regulator and its timely implementation, the National Pharmaceutical Pricing Authority has asked companies to pay the overcharged dues with 15 per cent interest.
FMCG, durables, pharma firms say they remain unclear about transition gains and losses
Other Sensex gainers were Infosys, Wipro, ICICI Bank, Hero MotoCorp, L&T, Axis Bank,, Tata Steel, HDFC and Cipla.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
BSE Auto index fell over 0.5% after reports that automobiles might get costlier post GST
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
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The move is expected to delay the introduction of low-priced medicines in the market.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
Dilip Shanghvi has never tried to be everything to everybody.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
An innovator creates intellectual property for a need no one knows exists, says Chandru Chawla.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Benchmark indices plunge 4.7% in the first full week of 2016.
The S&P BSE Sensex surged 217 points to end at 25,736.
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