Stock market update: Pharma stocks in pain; Cadila, Biocon, Cipla crack up to 3%

NEW DELHI: Most pharma stocks were trading with losses during afternoon trade on Thursday.

The Nifty Pharma index was trading 1.14 per cent down at 8,785 around 02:45 pm with Cadila Healthcare (down 3.23 per cent), Biocon (down 2.45 per cent) and Cipla (down 2.26 per cent) as the top losers.

Piramal Enterprises (down 1.34 per cent), Aurobindo Pharma (down 1.14 per cent), Lupin (down 1.11 per cent), Dr. Reddy’s Laboratories (down 0.84 per cent), Divi’s Laboratories (down 0.76 per cent) and Sun Pharmaceutical Industries (down 0.54 per cent) too were suffering losses.

Meanwhile, Glenmark Pharmaceuticals (up 0.48 per cent) was trading with slight gains.

Benchmark NSE Nifty50 index was down 38 points at 10,943, while the BSE Sensex was 85 points down at 36,289.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.

Titan Company, YES Bank, Bharti Airtel, Vedanta and Indiabulls Housing Finance were among the top gainers in the Nifty index.

Hindalco Industries, Bharti Infratel, Kotak Mahindra Bank, Cipla and Larsen & Toubro were among the top losers in the index.

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