Natco Pharma lifted spirits by surging over 2% while Alkem Lab also gained nearly 2%. Fortis was also trading 1% higher.
Indices opened in the green and later fell into red zone, before trimming losses in the afternoon. At around 1.55 pm, BSE Sensex was trading at 54,487.18 down 67.48 points or 0.12% and Nifty50 at16,266.60 down 13.50 points or 0.08%.
Nifty Healthcare was trading at 8,923.90 down 112.85 points or 1.25%, touching a low of 8,819.70 during intraday trade on Wednesday.
Lupin was 6.2% lower at Rs1,050.65 per piece. It reported a 5-fold jump in its consolidated net profit at Rs 542.46 crore for the quarter ended June 30, 2021. Sanofi shed 3% at Rs8,930.00 per piece. Torrent Pharma dropped 2.8% at Rs2,941.45 per piece.
Lalpath Labs, Auro Pharma, Biocon and Sun Pharma were also lower between 2.3% to 1.75%.
Cadila was 1.67% lower at Rs566.80 per piece ahead of announcement of earnings.
Pfizer, Dviis Lab, Apollo Hiospitals were around 1% lower. Abbot India, IPCA Lab, Laurus Lab, Dr Reddy's, Cipla and Glenmark also traded in the red
Alkem Lab surged 2.4% at Rs3,641.85 per piece. Natco Pharma followed by gaining 2.25% at Rs1,005.00 per piece. Fortis also advanced above 2% at Rs237.45 per piece.