Stock market update: Nifty Pharma index advances 0.89% in an upbeat market

NEW DELHI: The Nifty Pharma index traded positive around 10:24AM(IST)on Monday in an upbeat market.

Gland Pharma(up 3.08 per cent), Aurobindo Pharma(up 2.66 per cent), Zydus Lifesciences(up 1.89 per cent), Alembic Pharmaceuticals(up 1.84 per cent) and Ipca Laboratories(up 1.36 per cent) were among the top gainers.

Glenmark Pharmaceuticals(down 1.25 per cent), Alkem Laboratories(down 0.66 per cent), Biocon(down 0.41 per cent), Strides Pharma Science(down 0.06 per cent) and Cipla(down 0.05 per cent) were the top losers on the index.

The Nifty Pharma index was up 0.89 per cent at 13181.25 at the time of writing this report.

Benchmark NSE Nifty50 index was up 41.75 points at 16307.9, while the BSE Sensex was up 223.05 points at 54549.44.

Among the 50 stocks in the Nifty index, 35 were trading in the green, while 15 were in the red.

Shares of SAIL, Vodafone Idea, YES Bank, BHEL and Ashok Leyland were among the most traded shares on the NSE.

Shares of Akshar Spintex, Apcotex Ind, Network People Services Technologies Ltd., Shanthi Gears and Adani Power hit their fresh 52-week highs in today's trade, while Tata Steel, JSW Steel, SAIL, NMDC and Prudent Corporate Advisory Services Ltd. hit fresh 52-week lows in trade.