INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most pharma stocks were trading in the negative territory in afternoon trade on Friday.
The Nifty Pharma index was trading 0.90
per cent down at 9,166 around 12:20 pm
Sun Pharmaceutical Industries (down 2.90 per cent), Lupin (down 1.74 per cent) and Glenmark Pharmaceuticals (down 1.27 per cent) were the
top losers in the index.
Shares of Cadila Healthcare (down 0.58 per cent), Dr
Reddy's Laboratories (down 0.39 per cent), Biocon (down 0.29 per cent) and Piramal Enterprises (down 0.12 per cent) too were among the
However, Aurobindo Pharma (up 1.17 per cent), Cipla (up 0.61 per cent) and Divi's Laboratories (up 0.48 per cent) were in the green
Weak global cues hit market sentiment as lingering trade war worries made Asian stocks suffer, following a new round of US sanctions on
Russia.
Sustained selling in heavyweights, including ICICI Bank, Reliance Industries and State Bank of India weighed on equity
benchmarks.
The NSE Nifty50 index was down 32 points at 11,439, while the BSE Sensex was 112 points down at 37,913.
Among the 50 stocks in
the Nifty index, 17 were trading in the green, while 33 were in the red
Eicher Motors, YES Bank, Mahindra Mahindra, Titan Company and Bharti Airtel were among the top gainers in the Nifty index.
However, Sun
Pharmaceutical Industries, State Bank of India, Tata Motors, ICICI Bank and Coal India were among the top losers in the Nifty pack of
