Lupin shares gain on inclusion in Sensex

Mumbai: Shares of drugmaker Lupin rose by almost 2 percent after the stock became part of the BSE benchmark Sensex from on Monday.

The stock gained 1.91 percent to Rs 1,851.15 at BSE.

On NSE, it climbed 1.86 percent to Rs 1,850.75.

Lupin replaced private sector electricity producer Tata Power.

Shares of Tata Power fell 0.76 percent to Rs 71.60 at BSE but later recovered the lost ground and was trading 0.35 percent higher at Rs 72.40.

Since May 22, when the announcement was made by BSE, shares of Tata Power had lost nearly 5 percent, while Lupin gained 4.6 percent.

Meanwhile, in the stock market, the Sensex was trading with a sharp gain of 313.33 points at 27,629.50.