Nifty is above 17,240. Pharma leads Nifty. Dr.Reddy’s is up 1.5%

Indian benchmark indices opened positively despite weak cues from Asian markets. Nifty is above 17,240. Nifty Pharma is leading along with Nifty Healthcare. Dr.Reddy’s is up by 1.5%. It is followed by Divi’s and Cipla.

The rising Omicron cases are causing concerns. That has been reflected in today’s trade pattern. Today is the penultimate day of expiry. Therefore there will be some extent of volatility in the market. Anyway, right now markets are in green.