Stock market update: Nifty Pharma index advances 0.42% in a weak market

The Nifty Pharma index was trading 0.42 per cent up at 11682.45.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: The Nifty Pharma index traded positive around 10:35AM(IST)on Thursday in a weak market.

Divis Laboratories(up 2.06 per cent), Aurobindo Pharma(up 1.65 per cent), Gland Pharma(up 1.19 per cent), Biocon(up 1.11 per cent) and Laurus(up 0.72 per cent) were among the top gainers.

Glaxosmithkline Pharmaceuticals(down 1.67 per cent), Glenmark Pharmaceuticals(down 0.82 per cent), Natco Pharma(down 0.69 per cent), Pfizer(down 0.63 per cent) and Granules India(down 0.61 per cent) were the top losers on the index.


The Nifty Pharma index was up 0.42 per cent at 11682.45 at the time of writing this report.

Benchmark NSE Nifty50 index was down 32.7 points at 16939.45, while the BSE Sensex was down 88.77 points at 57467.13.

Among the 50 stocks in the Nifty index, 26 were trading in the green, while 23 were in the red.
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Shares of Motherson Sumi, YES Bank, Tata Steel, Suzlon Energy and PNB were among the most traded shares on the NSE.

Shares of Tapi Fruit Processing Ltd., Network People Services Technologies Ltd., Vera Synthetic, W S Industries and Binani Ind hit their fresh 52-week highs in today's trade, while Ishan International Ltd., Ajooni Biotech Ltd., Ind Swift Ltd, Arihant Academy Ltd. and Shree Rama Multi hit fresh 52-week lows in trade.
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