Market Now: Pharma catches flu; Sun Pharma plunges 4%

NEW DELHI: Pharmaceutical stocks were not in the pink of health today.

Sun Pharmaceutical Industries was down 3.62 per cent, along with Cadila Healthcare (1.61 per cent) and Cipla (0.84 per cent).

The Nifty Pharma index slid 0.70 per cent to 8,485 around 1:45 pm.


Glenmark Pharmaceuticals (down 0.68 per cent), Lupin (0.62 per cent) and Dr Reddy's Laboratories (0.29 per cent) were in low spirits too.

But Aurobindo Pharma (up 3.50 per cent) sent out a positive signal, and so did Divi's Laboratories (1.82 per cent), Biocon (1.16 per cent) and Piramal Enterprises (0.58 per cent).

Gains in metal, bank, financials and FMCG stocks drove the market up amid mixed global cues. The NSE Nifty50 was up 46 points at 10,763 while the BSE Sensex climbed 140 points to 35,386.

Out of the Nifty 50 stocks, 36 stayed ahead, but 14 played catch-up.

Asian Paints, HPCL, Indiabulls Housing Finance came out on top. Bharti Airtel, Sun Pharma and Titan Company trailed.