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Nifty hovers around 8200, Sensex volatile; Sun Pharma up 2%

Share prices of  Natco Pharma rose 8 percent intraday on the back of tentative approval received from USFDA for Sorafenib tablets.
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Equity benchmarks continued to be directionless with the Nifty hovering around 8200 as investors remained cautious ahead of Britain’s referendum tonight. The Sensex fell 19.01 points to 26746.64 and the Nifty declined 5.65 points to 8198.05. The BSE Midcap and Smallcap indices slipped 0.3 percent each on weak market breadth. About 1022 shares declined against 666 advancing shares on Bombay Stock Exchange. Sun Pharma gained more than 2 percent ahead of board meeting to consider proposal of buyback of shares.

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