Cipla, Sun Pharma, Lupin, Cadila Healthcare, Aurobindo and Glenmark are up 2-4%, quoting at their lifetime highs.
If earnings do not perform as expected, and confidence in the new government collapses, a sharp correction might be on the cards
MSCI's broadest index of Asia-Pacific shares outside Japan was flat; Tokyo's Nikkei gained 0.1%
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Three IPO documents were recorded after the new govt took charge - Adlabs, Lavasa Corp and Monte Carlo Fashions