Pharma stocks were in the fast lane on Tuesday sharp rise in new Covid-19 cases in major parts of India. At around 1.52 pm, Nifty Pharma was trading at 12,139.65 up by 256.45 points or 2.16%. The index has gained an intraday high of 12,146.85. All stocks listed on the index were performing in green.
On the index,
Torrent Pharma led the rally surging by 3.1% followed by Cipla, Divis Lab and Cadila Healthcare advancing nearly 3% each.
Stocks like Auro Pharma,
Lupin, Dr Reddy's Lab, Alkem Lab and Biocon has soared more than 2% each.
Sun Pharma was nearly 1% up.
The Ministry of Health and Family Welfare today said that six States, Maharashtra, Punjab, Karnataka, Madhya Pradesh, Tamil Nadu and Gujarat, continue to report a surge in the COVID daily new cases. 78.56% of the new cases are reported from these 6 states.
56,211 new cases were registered in the last 24 hours, as per the ministry data. Maharashtra has reported the highest daily new cases at 31,643. It is followed by Punjab with 2,868 while Karnataka reported 2,792 new cases.