Indian share markets pared all earlier intraday gains yesterday to end the session on a negative note.

At the closing bell yesterday, the BSE Sensex closed lower by 99 points and the NSE Nifty finished lower by 41 points. The S&P BSE Mid Cap finished up by 0.3% while S&P BSE Small Cap finished up by 0.5%. Gains were largely seen in pharma sector, while oil & gas stocks and realty stocks witnessed selling pressure.

Top Stocks in Focus Today

From the telecom sector, Reliance Communications share price will be in focus today. The stock of the company has surged over 125% in the last six trading sessions after the company announced a Rs 390 billion debt resolution plan. The stock ended up by 34% on BSE yesterday.

From the pharma sector, market participants will be tracking Glenmark Pharma share price and Sun Pharma share price. Stock of Glenmark Pharma witnessed buying interest yesterday after it was granted final approval by the United States Food & Drug Administration (USFDA) for Norethindrone Acetate and Ethinyl Estradiol Tablets USP and Ferrous Fumarate Tablets, 1 mg/20 mcg.

As for Sun Pharma, the stock of the company traded near its 5-month high yesterday as the USFDA accepted the company’s new drug application filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution) 0.09%. The stock climbed as much as 6.9% to Rs 578, highest since 27 July.

Market participants will also be tracking Jindal Steel & Power share price. The stock witnessed buying interest yesterday after the company said it has successfully completed a 250-tonne basic oxygen furnace (BOF), marking the completion of the company’s 6 million tonnes per annum (MTPA) integrated steel project at Angul in Odisha.

Crude Oil Trades Near 2015 High

In the news from the commodity space, crude oil has continued its momentum this week as it is trading at its highest levels since mid-2015.

Most of the buying interest is seen as a pipeline run by Waha Oil Company that carries crude to Libya’s Es Sider terminal exploded on Tuesday, reducing output by 70,000 to 100,000 barrels a day.