Novartis India share price jumps 10%
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Novartis India share price jumped nearly 10% on Monday, 5 October, as the broader market recovered.
- ✓The stock climbed to a high of ₹2,164.60 during the session.
- ✓Sudeep Shah of SBI Securities said, "Novartis India took support around its 20-day EMA and subsequently witnessed a mild pullback." Growth plans remain steady.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Novartis India share price jumped nearly 10% on Monday, 5 October, amid a broader recovery in the Indian stock market following the Nifty 50's longest weekly losing streak in 25 years. Easing oil prices and receding concerns over aggressive US monetary tightening supported overall market sentiment.
The stock opened at an intraday low of ₹2,001 on the BSE and climbed to a high of ₹2,164.60 during the session.
He said the stock needs to sustain above ₹2,100 for positive momentum to resume, while the recent lows around ₹1,900 are likely to act as strong support.
Sudeep Shah, Vice President - Technical and Derivatives Research at SBI Securities, said Novartis India took support around its 20-day EMA and subsequently witnessed a mild pullback.
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