Stock market update: Nifty Pharma index slips 2%; Cadila Healthcare down 3%

NEW DELHI: Nifty Pharma index was trading on a negative note at 02:30PM (IST) on Wednesday.

While Cadila Healthcare (down 2.82 per cent), Divis Laboratories (down 2.69 per cent), Lupin (down 2.58 per cent), Aurobindo Pharma (down 2.57 per cent) and Alkem Laboratories (down 2.21 per cent) were the top losers in the index.

The Nifty Pharma index was trading 1.7 per cent down at 11674.8 around 02:30PM.

Benchmark NSE Nifty50 index was down 62.25 points at 11091.4, while the BSE Sensex was down 204.64 points at 37529.44.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Shares of Vodafone Idea, YES Bank, Bharti Airtel, Tata Motors and IDFC First Bank Ltd. were among the most traded shares on the NSE.

Shares of Firstsource Sol, MphasiS, Hexaware, Infosys and MindTree hit their fresh 52 week high in today's trade, while Future Lifestyle Fashions Ltd., Vikas Proppant & Granite Ltd., Banka Bioloo Ltd., S & S Power Switchgear Ltd., Sumit Woods Ltd., Adroit Infotech Ltd., Libas Designs Ltd., Wonder Fibromats Ltd., Kuantum Papers Ltd. and Mahindra & Mahindra Financial Services Ltd. hit fresh 52 week low in trade.