Stock market update: Nifty Pharma index falls 0.48% in a weak market

NEW DELHI: The Nifty Pharma index traded negative around 10:55AM(IST)on Wednesday in a weak market.

Cipla(up 1.3 per cent), Dr Reddys Laboratories(up 1.06 per cent), Granules India(up 0.52 per cent) and Torrent Pharmaceuticals(up 0.08 per cent) were among the top gainers.

Divis Laboratories(down 3.8 per cent), Lupin(down 2.8 per cent), Strides Pharma Science(down 2.5 per cent), Laurus(down 1.24 per cent) and Gland Pharma(down 1.14 per cent) were the top losers on the index.

The Nifty Pharma index was down 0.48 per cent at 13165.9 at the time of writing this report.

Benchmark NSE Nifty50 index was down 7.9 points at 18194.9, while the BSE Sensex was down 30.93 points at 61154.22.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of PNB, Union Bank India, Zomato Ltd., Rail Vikas Nigam and YES Bank were among the most traded shares on the NSE.

Shares of Khaitan(India), Refex Industries, Tapi Fruit Processing Ltd., Magnum Ventures and Honda Siel Power hit their fresh 52-week highs in today's trade, while Ginni Filaments, Indigo Paints Ltd., Divis Labs, Quadpro ITeS Ltd. and SREI Infra Fin hit fresh 52-week lows in trade.