Stock market update: Nifty Pharma index falls 1.16%

NEW DELHI: The Nifty Pharma index closed on a negative note on Wednesday.

Shares of Torrent Pharmaceuticals(up 1.76 per cent), Alkem Laboratories(up 1.26 per cent), Strides Pharma Science(up 1.04 per cent), Cipla(up 0.15 per cent) and Sun Pharmaceutical Industries(up 0.14 per cent) ended the day as top gainers in the pack.

On the other hand, Granules India(down 9.43 per cent), Gland Pharma(down 4.57 per cent), Divis Laboratories(down 3.89 per cent), Aurobindo Pharma(down 2.87 per cent) and Laurus(down 2.49 per cent) finished as the top losers of the day.

The Nifty Pharma index closed 1.16 per cent down at 12543.85.

Benchmark NSE Nifty50 index ended down 99.35 points at 16025.8, while the BSE Sensex stood down 303.35 points at 53749.26.

Among the 50 stocks in the Nifty index, 19 ended in the green, while 31 closed in the red.

Shares of Zomato Ltd., Vodafone Idea, YES Bank, SAIL and JP Power were among the most traded shares on the NSE.

Shares of Reliance Chemo, Accuracy Shipping, Empyrean Cashews Ltd., Shanti Overseas(Ind and Kohinoor Foods hit their fresh 52-week highs in today's trade, while Birla Tyres, TV Today Network, Debock Sales & Mktg, Sadbhav Eng and RS Software hit their fresh 52-week lows.