Market Now: Pharma stocks in pain; Sun Pharma, Cipla decline up to 1%

NEW DELHI: Pharma stocks GlaxoSmithKline Pharmaceuticals (down 1.13 per cent), Sun Pharmaceutical Industries (down 0.92 per cent), Cipla (down 0.66 per cent), Piramal Enterprises (down 0.48 per cent) and Cadila Healthcare (down 0.10 per cent) were trading down in afternoon trade on Thursday.

The Nifty Pharma index was trading 0.12 per cent down at 9,628 around 01:50 pm (IST)

However, Glenmark Pharmaceuticals (up 1.82 per cent), Lupin (up 1.18 per cent), Dr. Reddy's Laboratories (up 0.59 per cent) and Aurobindo Pharma (up 0.08 per cent) were trading up in the pharma index around that time.


Benchmark NSE Nifty50 index was 20 points up at 10,511, while the BSE Sensex was 50 points up at 33,961.

Among the 50 stocks in the Nifty50 index, 24 were trading in the green, while 26 were in the red.

In the Nifty 50 index, Hindalco Industries, UPL, Vedanta, Hindustan Unilever, Tata Steel and Lupin were among the top gainers.

On the other hand, Hero MotoCorp, Axis Bank, State Bank of India, Wipro, Adani Ports SEZ and Indian Oil Corporation were among the top losers.