Stock market update: Nifty Pharma index advances 0.18% in a weak market

NEW DELHI: The Nifty Pharma index traded positive around 10:39AM(IST)on Wednesday in a weak market.

Granules India(up 1.31 per cent), Lupin(up 1.14 per cent), Torrent Pharmaceuticals(up 1.13 per cent), Biocon(up 1.01 per cent) and Abbott India(up 0.9 per cent) were among the top gainers.

Natco Pharma(down 0.53 per cent), Dr Reddys Laboratories(down 0.38 per cent), Ipca Laboratories(down 0.16 per cent), Divis Laboratories(down 0.16 per cent) and Sun Pharmaceutical Industries(down 0.05 per cent) were the top losers on the index.

The Nifty Pharma index was up 0.18 per cent at 12620.25 at the time of writing this report.

Benchmark NSE Nifty50 index was down 88.5 points at 17567.1, while the BSE Sensex was down 319.34 points at 58877.65.

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

Shares of Vodafone Idea, Bharti Airtel, Suzlon Energy, YES Bank and JP Power were among the most traded shares on the NSE.

Shares of Macpower CNC Machine, Bharat Wire Ropes, Nidan Laboratories And Healthcare Ltd., Speciality Rest and Rane Holdings hit their fresh 52-week highs in today's trade, while Veekayem Fashion & Apparels Ltd., Shri Ram Switchgears, OrissaBengalCarrier, Piramal Ent. and Debock Sales & Mktg hit fresh 52-week lows in trade.