Market Now: Pharma stocks up; Aurobindo Pharma jumps 2%
NEW DELHI: Most of the pharma stocks including Aurobindo Pharma (up 1.71 per cent), Piramal Enterprises (up 1.50 per cent) and Divi’s Laboratories (up 1.21 per cent) were trading up in afternoon trade on Wednesday.
The Nifty Pharma index was trading 0.93 per cent up at 9,713 around 01:25 pm (IST).
Shares of Lupin (up 1.19 per cent), Dr. Reddy’s Laboratories (up 1.09 per cent), Cipla (up 0.69 per cent), Sun Pharmaceutical Industries (up 0.57 per cent) and Cadila Healthcare (up 0.24 per cent) were also trading with gains.
However, shares of GlaxoSmithKline Pharmaceuticals (down 0.39 per cent) were under selling pressure around that time.
Benchmark NSE Nifty50 index was 49 points up at 10,750, while the BSE Sensex was 199 points up at 34,970.
Among the 50 stocks in the Nifty50 index, 29 were trading in the green, while 21 were in the red.
In the Nifty 50 index, Infosys, Adani Ports SEZ, State Bank of India, Aurobindo Pharma and Axis Bank were among the top gainers.
However, Wipro, Hero MotoCorp, Tata Motors, Indian Oil Corporation and ONGC were among the top losers.
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Via:: Economic Times – Stocks