On Monday, PM Modi addressed to the nation that 75% of the vaccine capacity will be procured by the Central Government and 25% is open for private hospitals to procure. All vaccines procured by the Centre will be provided free of cost to all states from 21st June 2021, for people above the age of 18 years. Also, private sectors cannot charge a service charge of more than Rs150 over and above the MRP of the vaccine.
At around 11.20 AM, Nifty Pharma performs at 13,980.45 down by 88.55 points or 0.63%. The index has touched an intraday high of 14,081.60 and intraday low of 14,920.20 on Tuesday. Along with Nifty metals, banking stocks, pharma stocks was also under pressure.
Biocon was trading at Rs395.65 per piece higher by 1.70% along with Torrent Pharma surging by 0.29%.