Stock Market

Share market update: Nifty Pharma index down; Glenmark Pharma plunges 8%

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NEW DELHI: Pharma shares were trading lower in Wednesday's morning session with their sectoral index trading lower. Shares of Glenmark Pharmaceuticals (down 7.92 per cent), Dr.

Reddy's Laboratories (down 5.26 per cent), Sun Pharmaceutical Industries (down 5.04 per cent) and Divi's Laboratories (down 3.18 per cent) were trading in the red. Aurobindo Pharma (down 2.90 per cent), Lupin (down 2.51 per cent), Cadila Healthcare (down 1.75 per cent) and Cipla (down 0.61 per cent) too were trading lower.

The Nifty Pharma index was trading 3.10 per cent down at 7608.75 around 10:12 am.

Benchmark NSE Nifty50 index was up 40.45 points at 10,966.30 while the BSE Sensex was up 149 points at 37,107.16.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.

Shares of YES Bank, Vodafone Idea, HDFC Life Insurance Company, NALCO, SAIL, Coal India, JSPL, Ashok Leyland and Tata Motors were among the most traded securities on the NSE.




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