Nifty Pharma top pick of the day: Alkem Lab, Divis, Torrent Pharma drive the performance

Pharma stocks were the top gainers of the day during Thursday's trading session as Covid-19 vaccine progress lifts investors mood. At around 12.01 pm, Nifty Pharma was trading at 11,686.60 up 51.40 points or 0.44%. The index has surged to an intraday high of 11,766.75.

On the index, Alkem Lab was the top performer, surging by 1.08% at Rs2,828.35 per piece.

Stocks like Divis Lab, Torrent Pharma, Lupin, Biocon and Aurobindo Pharma also contributed to the gains, soaring by 0.6-0.8%.

Lupin launched Tacrolimus Capsules USP, 0.5 mg, 1 mg, and 5 mg, after Lupin’s alliance partner Concord Biotech Limited (Concord) received approval for its ANDA from the USFDA.

Dr Reddy's and Sun Pharma advanced marginally.

However, Cipla was in the red but on a flat note.