Stock market update: Nifty Pharma index falls 0.58% in a weak market

NEW DELHI: The Nifty Pharma index traded negative around 11:00AM(IST)on Tuesday in a weak market.

Gland Pharma(up 1.02 per cent), Natco Pharma(up 0.39 per cent), Strides Pharma Science(up 0.32 per cent), Torrent Pharmaceuticals(up 0.3 per cent) and Glenmark Pharmaceuticals(up 0.28 per cent) were among the top gainers.

Ipca Laboratories(down 1.95 per cent), Divis Laboratories(down 1.52 per cent), Biocon(down 1.42 per cent), Alkem Laboratories(down 1.4 per cent) and Lupin(down 1.4 per cent) were the top losers on the index.

The Nifty Pharma index was down 0.58 per cent at 12922.65 at the time of writing this report.

Benchmark NSE Nifty50 index was down 137.05 points at 17012.05, while the BSE Sensex was down 519.27 points at 56972.24.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of Vodafone Idea, Suzlon Energy, JP Power, Zomato Ltd. and YES Bank were among the most traded shares on the NSE.

Shares of Vinny Overseas, Sharda Cropchem, Global Education, Nupur Recyclers Ltd. and Wonder Fibromats hit their fresh 52-week highs in today's trade, while IndiaMART, Seya Industries, Hind Nat Glass, Policy Bazaar and FSN E-Comm(Nykaa)hit fresh 52-week lows in trade.