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India shares rise as Sun Pharma paces gains among drug makers

State-run banks also post advances

MUMBAI (NewsRise) -- Indian shares began an event-filled week on a positive note, helped by gains in state-owned banks and drug makers.

The BSE Sensex advanced 0.1% to 35,483.47 and the Nifty 50 climbed 0.2% to 10,786.95. Sun Pharmaceutical Industries led healthcare companies higher on Monday, advancing 1.3% to add to Friday's more than 8% jump after a critical plant was cleared by the U.S. heath regulator. A BSE index of healthcare companies closed 0.5% higher. Cipla rose 0.3% and Dr. Reddy's Laboratories added 0.9%. Alembic Pharmaceuticals jumped 19.9% after receiving approval from the U.S. regulator for an anti-depression drug.

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