Tuesday 9 January 2018

Market Now: Pharma stocks in pain; Divi's Lab, Cadila top losers

Most of the pharma stocks including Divi's Laboratories (down 1.90 per cent), Cadila Healthcare (down 1.53 per cent), GlaxoSmithKline Pharmaceuticals (down 1.38 per cent) and Piramal Enterprises (down 1.09 per cent) were trading down in afternoon trade on Tuesday. 
The Nifty Pharma index was trading 0.66 per cent down at 9,774 around 01:30 pm (IST). 

Aurobindo Pharma (down 0.95 per cent), Dr. Reddy's Laboratories (down 0.71 per cent), Sun Pharmaceutical Industries (down 0.68 per cent), Cipla (down 0.42 per cent) and Lupin(down 0.21 per cent) were also in the negative zone. 

Glenmark Pharmaceuticals (up 0.38 per cent) was the only stock in the Nifty Pharma index that was trading up. 

Benchmark NSE Nifty50 index was 12 points down at 10,611, BSE Sensex was 6 points up at 34,359. 

Among the 50 stocks in the Nifty50 index, 18 were trading in the green, while 32 were in the red. 

In the Nifty 50 index, Coal India, ITC, Ambuja Cements, Reliance Industries, YES Bank and Tata Motors were among the top gainers.