Market Now: Pharma stocks bullish; Cipla surges 4%
NEW DELHI: The Nifty Pharma index was trading 1.89 per cent up at 8,516 around 11:40 am (IST) on Monday with majority of components trading with gains.
Shares of Cipla (up 3.72 per cent), Aurobindo Pharma (up 2.61 per cent), Lupin (up 2.45 per cent), Dr. Reddy's Laboratories (up 2.19 per cent) and Cadila Healthcare (up 2.10 per cent) were the top gainers in the index.
Shares of Sun Pharmaceutical Industries (up 1.99 per cent), Glenmark Pharmaceuticals (up 1.45 per cent) and GlaxoSmithKline Pharmaceuticals (up 1.18 per cent) were also in the green around that time.
Positive global cues coupled with across the board buying were keeping the benchmark indices up.
The NSE Nifty50 index was up 47 points at 10,160, while the BSE Sensex was up 140 points at 33,109.
Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.
Kotak Mahindra Bank, Cipla and Tata Motors were top gainers in the Nifty pack of stocks.
Shares of Cipla (up 3.72 per cent), Aurobindo Pharma (up 2.61 per cent), Lupin (up 2.45 per cent), Dr. Reddy's Laboratories (up 2.19 per cent) and Cadila Healthcare (up 2.10 per cent) were the top gainers in the index.
Shares of Sun Pharmaceutical Industries (up 1.99 per cent), Glenmark Pharmaceuticals (up 1.45 per cent) and GlaxoSmithKline Pharmaceuticals (up 1.18 per cent) were also in the green around that time.
Positive global cues coupled with across the board buying were keeping the benchmark indices up.
The NSE Nifty50 index was up 47 points at 10,160, while the BSE Sensex was up 140 points at 33,109.
Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.
Kotak Mahindra Bank, Cipla and Tata Motors were top gainers in the Nifty pack of stocks.