New Delhi, Oct. 5 -- Novartis India share price jumped nearly 10% on Monday, 5 October, amid a broader recovery in the Indian stock market following the Nifty 50's longest weekly losing streak in 25 years. Easing oil prices and receding concerns over aggressive US monetary tightening supported overall market sentiment.

The stock opened at an intraday low of Rs.2,001 on the BSE and climbed to a high of Rs.2,164.60 during the session.

Rajesh Bhosale, Technical Analyst at My Advisor Alpha, said Novartis India opened with a gap-up, but follow-up buying was lacking as the stock gave up most of its early gains and moved closer to the day's low.

He said the stock needs to sustain above Rs.2,100 for positive momentum to resume, while the recen...