Stock Market Update: Nifty above 17,200, Sensex gains over 100 points; pharma, realty stocks shine

The domestic equity market was trading with marginal gains in the afternoon trade despite positive cues from global markets. Benchmarks continued to trade in the narrow range as Nifty50 slipped below 17,200, while the Sensex was trading high by 0.14%.  

Nifty Bank too slipped in the red and was trading lower by more than 100 points around 35,600.  

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In the broader market, midcap and small cap indices marginally gained by 0.8 and 0.6% respectively as India's volatility index (VIX) cooled off to trade below 22-mark.  

On sectoral front, Auto, pharma, realty and healthcare gained between 0.4% to 1%, while FMCG, Media, Metal and oil & gas witnessed sell-off.  

Divis Laboratories, Ultratech Cement, Adani Ports, Bharti Airtel, HDFC, Sun Pharma, Dr Reddy's, M&M and Asian Paints gained in a range-bound market.  

ONGC, Coal India, ITC, IndusInd Bank, PowerGrid, State Bank, Tata Steel, Axis Bank and L&T dropped the most.