NEW DELHI: Pharma shares were trading lower in Monday's morning session with their sectoral index in the red.Shares of Glenmark Pharmaceuticals (down 1.45 per cent) , Sun Pharmaceutical Industries (down 1.44 per cent) and Piramal Enterprises (down 1.07 per cent) were trading lower.
Cipla (down 0.91 per cent) Biocon (down 0.58 per cent) and Lupin (down 0.57 per cent) too were trading with losses.
The Nifty Pharma index was trading 0.36 per cent down at 9166.10 around 10:40 am.
Benchmark NSE Nifty50 index was down 88.70 points at 11,368.20 while the BSE Sensex was down 296.85 points at 37,867.76.
Among the 50 stocks in the Nifty index, 12 were trading in the green, while 38 were in the red.
Shares of SAIL, Indian Oil Corp, YES Bank, ONGC, NTPC, SBI, Bank of Baroda, Tata Motors and BEL were among the most traded shares on the NSE.