NEW DELHI: Pharma shares were up in Thursday's morning session with their sectoral index trading higher as the early leads projected Narendra Modi-led NDA is set to form government at the Centre.
Shares of Piramal Enterprises (up 2.88 per cent), Divi's Laboratories (up 1.99 per cent), Biocon (up 1.08 per cent) and Cadila Healthcare (up 1.02 per cent) were trading higher.
Glenmark Pharmaceuticals (up 0.86 per cent), Cipla (up 0.54 per cent) and Lupin (up 0.45 per cent) too were trading higher.
The Nifty Pharma index was trading 0.09 per cent up at 8518.45 around 10:27 am.
Benchmark NSE Nifty50 index was up 251.10 points at 11,989 while the BSE Sensex was up 860.21 points at 39,970.42.
Among the 50 stocks in the Nifty index, 40 were trading in the green, while 10 were in the red.
Shares of Bank of Baroda, YES Bank, SBI, Adani Enterprises, Vodafone Idea, Adani Power, ICICI Bank, PNB, BEL and DLF were among the most traded shares on the NSE.