Market Now: Pharma stocks up; Aurobindo Pharma gains 3%

NEW DELHI: Pharma stocks Aurobindo Pharma (up 2.71 per cent), Lupin (up 2.31 per cent), Sun Pharmaceutical Industries (up 1.59 per cent), Glenmark Pharmaceuticals (up 1.29 per cent), Cadila Healthcare (up 0.96 per cent), Piramal Enterprises (up 0.92 per cent), Dr. Reddy's Laboratories (up 0.48 per cent) and Cipla (up 0.11 per cent) were trading up in afternoon trade on Monday.

The Nifty Pharma index was trading 1.12 per cent up at 9,200 around 3 pm (IST).

GlaxoSmithKline Pharmaceuticals (down 0.73 per cent) and Divi's Laboratories (down 0.24 per cent) were the two components in the pharma index that were in the red around that time.

Among the 50 stocks in the Nifty50 index, 32 were trading in the green, while 18 were in the red.

Shares of Aurobindo Pharma, Mahindra & Mahindra, Lupin, UltraTech Cement, Wipro and UPL were among the top gainers in the Nifty50 index.

However, Bharti Infratel, NTPC, Asian Paints, Oil & Natural Gas Corporation, Indiabulls Housing Finance and Reliance Industries were experiencing selling pressure.