Share market update: Nifty Pharma index down; Biocon dips over 2%

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

Shares of Biocon (down 2.55 per cent), Dr. Reddy's Laboratories (down 1.54 per cent), Cipla (down 1.47 per cent) and Divi's Laboratories (down 1.23 per cent) were the top losers in the index.

Piramal Enterprises (down 1.05 per cent), Lupin (down 0.76 per cent), Sun Pharmaceutical Industries (down 0.46 per cent) and Aurobindo Pharma (down 0.41 per cent) were trading lower.

The Nifty Pharma index was trading 0.97 per cent down at 8916.35 around 10:21 am.

Benchmark NSE Nifty50 index was down 31.80 points at 11,327.65 while the BSE Sensex was down 109.24 points at 37,679.89.

Among the 50 stocks in the Nifty index, 18 were trading in the green, while 30 were in the red.

Shares of YES Bank, Vodafone Idea, Suzlon Energy, ZEEL, DHFL, RIL, Ashok Leyland, Tata Motors, Dish TV India and ICICI Bank were among the most traded shares on the NSE.