Market Now: Nifty Pharma index rises, Dr. Reddy's, Aurobindo Pharma top gainers

NEW DELHI: Nifty Pharma index recovered from losses in the earlier sessions, helped by rise in shares of Dr. Reddy's Laboratories (up 3 per cent), Aurobindo Pharma (up 1.52 per cent), Divi's Laboratories (up 1.42 per cent) and Lupin (up 0.91 per cent) gaining significantly.

However, GlaxoSmithKline Pharmaceuticals (down 0.78 per cent), Sun Pharmaceutical Industries (down 0.44 per cent) and Cipla (down 0.57 per cent) were trading in red.

The index was trading 0.38 per cent up at 8,545 around 12.15 pm (IST).

The broader markets were outperforming the benchmark indices as BSE MidCap and BSE SmallCap indices were trading marginally up in Friday's afternoon trade.

BSE MidCap index was trading 0.46 per cent higher at 14,823 and BSE SmallCap index was 0.26 per cent up at 15,110 around the same time.

Among the sectoral indices, Nifty Realty and Nifty PSU Bank indices also recovered from early sessions' losses. Nifty Realty was 1.01 per cent up at 260 while Nifty PSU Bank index was 1.16 per cent up at 3,501.

Dr. Reddy's Laboratories, Gail (India), State Bank of India, YES Bank, Aurobindo Pharma, Axis Bank and Lupin were leading the Nifty pack.

Metal and auto stocks were reeling under selling pressure, with Hindalco, Vedanta, Hero MotoCorp and Maruti being at the bottom in Nifty50 index.

In the Nifty50 pack, 15 stocks were trading in green, while 36 stocks were in red.

On BSE, 998 stocks were advancing whereas 1,342 stocks were lagging.

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