Share market update: Pharma shares dip; Glenmark Pharma slips 14%

NEW DELHI: Pharma shares were trading in the red in Friday's morning session with their sectoral index trading lower.

Shares of Glenmark Pharmaceuticals (down 13.96 per cent), Piramal Enterprises (down 12.77 per cent), Lupin (down 10.8 per cent), Biocon (down 10.76 per cent), Cadila Healthcare (down 8.46 per cent), Aurobindo Pharma (down 8.44 per cent), Cipla (down 7.94 per cent), Divis Laboratories (down 7.91 per cent), Dr Reddys Laboratories (down 6.75 per cent) and Sun Pharmaceutical Industries (down 1.82 per cent) were the top losers in the index.

The Nifty Pharma index was trading 7.29 per cent down at 6436.75.


The BSE Sensex hit its 10 per cent lower circuit limit at 29,687.52 after falling 3,090.62 points, or 9.43 per cent. The Nifty50 also hit its lower circuit at 8,624.05, down 966.10 points or 10.07 per cent. The trading has been halted for 45 minutes.
The next Nifty circuit will be at 8,151.

Among the 50 stocks in the Nifty index, 0 were trading in the green, while 50 were in the red.

Shares of Vodafone Idea, YES Bank, GMR Infra, SBI, ICICI Bank, Tata Motors, ITC, IDFC First Bank Ltd., ONGC and Coal India Ltd were among the most traded shares on the NSE.