Nifty Pharma gains 1% amid bullish markets; Sun Pharma emerges top gainer

Lupin and Divis Lab also outperformed. Biocon was the lone stock in the red, trading 0.12% lower.

Aug 03, 2021 02:08 IST India Infoline News Service

Nifty Pharma was in the fast lane to lift the market performance on Tuesday along with FMCG, Auto, and IT stocks. Sun Pharma emerged as the top gainer, while Lupin and Divis Lab also contributed to the winning streak. The Index gained over 1% and also was among top bulls on NSE. 

Except for media stocks, all other sectoral indices were bullish. Metal stocks were flat. Nifty 50 has hit a new 52-week high of 16,025, while Sensex touched a new 52-week high of 53478.57.

At around 2.10 pm, BSE Sensex was trading at 53,530.98 up 580.35 points or 1.10% and Nifty50 at 16,041.85 up 156.70 points or 0.99%.

Nifty FMCG was trading at 14,614.10 up 139.15 points or 0.96%, touching a high of 14,690.40 and low of 14,457.95 during intraday trade.

Sun Pharma surged 10% higher at the end of last week on the back of strong quarterly earnings. It has carried forward the momentum to this week. The company stock was trading 2.6% higher at Rs794.95 per piece.

Lupin also advanced 1.3% at Rs1,139.10 per piece. Divis Lab also went 1.1% higher in the afternoon trade at Rs4,983.60 per piece. Alkem Lab rose 0.7%. Torrent Pharma and Cipla also traded higher.

Auro Pharma, DR Reddy's and Cadila were just marginally higher. Biocon was the lone stock in the red, trading 0.12% lower. 

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