Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.

NEW DELHI: The Nifty Pharma index closed on a positive note on Friday.

Shares of Divis Laboratories (up 3.26 per cent), Aurobindo Pharma (up 2.06 per cent), Lupin (up 1.55 per cent), Biocon (up 1.5 per cent) and Sun Pharmaceutical Industries (up 0.82 per cent) ended the day as top gainers in the pack.

On the other hand, Torrent Pharmaceuticals (down 0.35 per cent) finished as the top losers of the day.

The Nifty Pharma index closed 1.16 per cent up at 14635.05.

Benchmark NSE Nifty50 index ended down 0.8 points at 15923.4, while the BSE Sensex stood down 18.79 points at 53140.06.

Among the 50 stocks in the Nifty index, 24 ended in the green, while 26 closed in the red.

Shares of Vodafone Idea, YES Bank, NALCO, Bank of Baroda and NMDC were among the most traded shares on the NSE.

Shares of Angel Broking, Sutlej Textiles, Datamatics Glob, GeeCee Ventures and Cyient hit their fresh 52-week highs in today's trade, while Walpar Nutritions Ltd. and Suryoday Small Finance Bank Ltd. hit their fresh 52-week lows.

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Stock market update: Nifty Pharma index advances 1.16%

The Nifty Pharma index closed 1.16 per cent up at 14635.05.