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Share market update: Pharma shares dip; Glenmark Pharma down 1%

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

Shares of Glenmark Pharmaceuticals (down 1.18 per cent), Dr Reddy’s Laboratories (down 0.98 per cent), Cipla (down 0.62 per cent), Piramal Enterprises (down 0.51 per cent), Divis Laboratories (down 0.45 per cent), Biocon (down 0.41 per cent) and Lupin (down 0.12 per cent) were the top losers in the index.

The Nifty Pharma index was trading 0.36 per cent down at 8087.4 around 10:03 am.

Benchmark NSE Nifty50 index was down 63.90 points at 12298.4 , while the BSE Sensex was down 195.9 points at 41,756.73.

Among the 50 stocks in the Nifty index, 10 were trading in the green, while 38 were in the red.

Shares of YES Bank, Vodafone Idea, SBI, Tata Global Bev, SAIL, Bank of Baroda, IndusInd Bank, Tata Motors, Castrol India and Wipro were among the most traded shares on the NSE.

Source: Economic Times