NEW DELHI: Pharma shares were trading in the negative zone in Monday's morning session.
Shares of Piramal Enterprises (down 7.11 per cent), Aurobindo Pharma (down 3.60 per cent), Cipla (down 2.85 per cent ) and Biocon (down 2.59 per cent) were the top losers in the index.
Sun Pharmaceutical Industries (down 2.24 per cent), Glenmark Pharmaceuticals (down 1.76 per cent) and Cadila Healthcare (down 1.75 per cent) too were trading in the red.
The Nifty Pharma index was trading 2.45 per cent down at 8673.20 around 11:03 am.
Benchmark NSE Nifty50 index was down 64.45 points at 10,716.10 while the BSE Sensex was down 171.64 points at 35,853.90.
Among the 50 stocks in the Nifty index, 12 were trading in the green, while 38 were in the red.
Shares of Zee Entertainment, YES Bank, ICICI Bank, Ashok Leyland, Adani Ports SEZ, SBI, Bank of Baroda, DLF and Larsen Toubro were among the most traded shares on the NSE.