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Stock market update: Pharma stocks under pressure; Aurobindo Pharma among top losers

NEW DELHI: Most pharma stocks were experiencing the heat of ..

NEW DELHI: Most pharma stocks were experiencing the heat of selling during afternoon trade on Wednesday, keeping the sectoral index down.

The Nifty Pharma index was trading 0.80 per cent down at 8,343 around 01:45 pm with only 2 components, out of total 10, trading with gains.

Glenmark Pharmaceuticals (down 2.99 per cent), Piramal Enterprises (down 2.18 per cent) and Aurobindo Pharma (down 1.72 per cent) were the top losers in the pharma index.

Shares of Divi's Laboratories (down 1.57 per cent), Dr. Reddy's Laboratories (down 1.13 per cent), Cipla (down 0.65 per cent), Sun Pharmaceutical Industries (down 0.22 per cent) and Lupin (down 0.07 per cent) were also in the red.

Meanwhile, Cadila Healthcare (up 0.41 per cent) and Biocon (up 0.18 per cent) were the two stocks that were up in the index around that time.

Benchmark NSE Nifty50 index was down 9 points at 10,624, while the BSE Sensex was up 5 points at 34,954.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

HPCL, Hindalco and ICICI Bank were the top losers in the Nifty index.

Original Article

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