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The benchmark indices traded in a narrow range with modest gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 194.57 points or 0.38% at 51,726.09. The Nifty 50 index gained 50.65 points or 0.33% at 15,223.95.
The broader market was trading higher. The S&P BSE Mid-Cap index rose 0.20%. The S&P BSE Small-Cap index gained 0.39%.
Buyers outpaced sellers. On the BSE, 1,529 shares rose and 1,317 shares fell. A total of 161 shares were unchanged. In Nifty 50 index, 17 stocks advanced while 33 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 944.36 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 707.68 crore in the Indian equity market on 11 February 2021, provisional data showed.
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Strides Pharma gains 3 per cent on FDA approval for Prednisone Tablets
February 12, 2021
The product will be manufactured at Bengaluru facility
The shares of Strides Pharma Science Limited (Strides) gained 3 per cent during the afternoon trade on Friday after the company announced that it had received approval for Prednisone Tablets USP, 10 mg and 20 mg from the United States Food & Drug Administration (USFDA).
At 1:13 pm, Strides Pharma was trading at ₹895.40 on the BSE, up ₹29.60 or 3.42 per cent.
It hit an intraday high of ₹902.25 and an intraday low of ₹868.45. It opened at ₹873.25 as against the previous close of ₹865.80.
On the NSE, it was trading at ₹895.00, up ₹28.75 or 3.32 per cent. It hit an intraday high of ₹902.00 and an intraday low of ₹866.30.