Stock market update: Nifty Pharma index advances 0.5% in an upbeat market

NEW DELHI: The Nifty Pharma index traded positive around 10:55AM(IST)on Friday in an upbeat market.

Lupin(up 1.37 per cent), Laurus(up 1.12 per cent), Divis Laboratories(up 1.07 per cent), Granules India(up 1.05 per cent) and Glenmark Pharmaceuticals(up 1.03 per cent) were among the top gainers.

Alembic Pharmaceuticals(down 4.1 per cent), Strides Pharma Science(down 1.18 per cent), Alkem Laboratories(down 1.01 per cent), Ipca Laboratories(down 0.61 per cent) and Zydus Lifesciences(down 0.55 per cent) were the top losers on the index.

The Nifty Pharma index was up 0.5 per cent at 13047.85 at the time of writing this report.

Benchmark NSE Nifty50 index was up 64.35 points at 17446.35, while the BSE Sensex was up 242.2 points at 58541.0.

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

Shares of Zomato Ltd., Suzlon Energy, YES Bank, Indian Oil Corp. and Crompton Greaves were among the most traded shares on the NSE.

Shares of Rama Phosphates, Kotyark Industries Ltd., Himadri Speciality, Fineotex Chem and Lemon Tree Hotels hit their fresh 52-week highs in today's trade, while Uniinfo Telecom Serv, Future Retail, Birla Tyres, IMP Powers Ltd and Melstar Info hit fresh 52-week lows in trade.