Stock market update: Nifty Pharma index falls 1.36% in a weak market

The Nifty Pharma index was trading 1.36 per cent down at 20503.85.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: The Nifty Pharma index traded negative around 10:14AM(IST)on Friday in a weak market.

Gland Pharma Ltd.(up 0.72 per cent) and Natco Pharma Ltd.(up 0.39 per cent) were among the top gainers.

Ipca Laboratories Ltd.(down 3.2 per cent), Divi's Laboratories Ltd.(down 3.13 per cent), Ajanta Pharma Ltd.(down 2.81 per cent), Biocon Ltd.(down 2.34 per cent) and Laurus Labs Ltd.(down 1.94 per cent) were the top losers on the index.


The Nifty Pharma index was down 1.36 per cent at 20503.85 at the time of writing this report.

Benchmark NSE Nifty50 index was down 152.46 points at 22760.7, while the BSE Sensex was down 435.13 points at 75300.83.

Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red.
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Shares of Vodafone Idea, YES Bank, IREDA, Suzlon Energy and NHPC were among the most traded shares on the NSE.

Shares of Deccan Cements, Redington, Blue Coast Hotel, Norben Tea Exp and Camlin Fine Sc hit their fresh 52-week highs in today's trade, while Suratwwala Business, AGS Transact Tech, Hindcon Chemicals, OneSource Specialty and Godavari Biorefineri hit fresh 52-week lows in trade.
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