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

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

Shares of Glenmark Pharmaceuticals (down 2.04 per cent), Cipla (down 2.04 per cent), Dr. Reddy's Laboratories (down 1.86 per cent) and Biocon (down 1.76 per cent) were the top losers in the index.

Lupin (down 0.69 per cent), Divi's Laboratories (down 0.42 per cent), Sun Pharmaceutical Industries (down 0.35 per cent) and Cadila Healthcare (down 0.24 per cent) too were trading lower.

The Nifty Pharma index was trading 0.74 per cent down at 8217.45 around 10:18 am.

Benchmark NSE Nifty50 index was up 38.15 points at 11,881.90 while the BSE Sensex was up 124.24 points at 39,653.96.

Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red.

Shares of Indiabulls RE, YES Bank, Manappuram Fin, PNB, SBI, Bank of Baroda, SAIL and Ashok Leyland were among the most traded securities on the NSE.

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