Nifty holds 8,500; PNB Housing Finance lists at 11% premium

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Markets continued to hold on to their early gains with Lupin emerging as the top gainer after the USFDA clearance for it Goa unit.

At 10:40am, the S&P BSE Sensex was up 254 points at 27,528 and the Nifty50 was up 90 points at 8,523. In the broader markets, the BSE Midcap and Smallcap indices were up 1.5%-1.7% each. Market breadth was strong with 1888 gainers and 423 losers on the BSE.
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Lupin was up 6% after the pharma major said that it has received Establishment Inspection Report (EIR) from the US health regulator for its Goa plant leading to closure of all outstanding inspections of the facility.

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