Stock market update: Nifty Pharma index advances 0.55% in an upbeat market

NEW DELHI: The Nifty Pharma index traded positive around 11:26AM(IST)on Monday in an upbeat market.

Divis Laboratories(up 1.97 per cent), Torrent Pharmaceuticals(up 1.91 per cent), Glenmark Pharmaceuticals(up 1.58 per cent), Abbott India(up 1.5 per cent) and Alkem Laboratories(up 0.96 per cent) were among the top gainers.

Laurus(down 0.86 per cent), Natco Pharma(down 0.83 per cent), Cadila Healthcare(down 0.49 per cent) and Ipca Laboratories(down 0.04 per cent) were the top losers on the index.

The Nifty Pharma index was up 0.55 per cent at 14594.95 at the time of writing this report.

Benchmark NSE Nifty50 index was up 113.15 points at 18008.35, while the BSE Sensex was up 303.46 points at 60362.52.

Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red.

Shares of Vodafone Idea, Tata Power, Tata Motors, Bank of Baroda and Suzlon Energy were among the most traded shares on the NSE.

Shares of MPS Infotecnics, Hindprakash Industri, Kirloskar Elec, PG Electroplast and Aban Offshore hit their fresh 52-week highs in today’s trade, while Jiya Eco Products Lt, Jainam Ferro Alloys(I)Ltd., Coastal Corp and Aditya Birla Sun Life AMC Ltd. hit fresh 52-week lows in trade.

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