Nifty Pharma index surges 3% led by Sun Pharma

Sun Pharma jumped 6% and among top gainers in the pharma index, followed by shares of Piramal Ent, Glenmark and Aurobindo Pharma, which rose in the range of 3-4% respectively, were also among top contributors.

Jul 09, 2019 07:07 IST India Infoline News Service

Medical supplies, pills and capsules
The Nifty Pharma index surged 3% in the noon trade amid buying interest seen in Sun Pharma. Lupin, Cipla, Divi’s Lab, which also gained 3%, while Cadila, Biocon and Dr Reddy’s were also up in today’s session.

Sun Pharma jumped 6% and among top gainers in the pharma index, followed by shares of Piramal Ent, Glenmark and Aurobindo Pharma, which rose in the range of 3-4% respectively, were also among top contributors.

Glenmark Pharmaceuticals rallied 3% after the company received approval from US health regulator for the anti-anginal drug.

Meanwhile, equity benchmark indices were trading in red with the Sensex slipping 84 points at 38,637 levels. The Nifty dropped 32 points at 11,526 levels.

The top gainers from NSE include Sun Pharma which jumped 6% followed by Bajaj Finance and IOC, while the top losers are Titan Company, which tanked over 12% followed by UPL, Asian Paints, TCS and HCL Tech.

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