Nifty Pharma trades higher; Strides Pharma, Granules India emerge top gainers

11 Jan 2022 , 12:00 PM

Nifty Pharma stocks were trading higher to go with bullish markets on Tuesday. The Index was placed better in the morning gaining over 0.6% but trimmed gains in the mid-day trading session.

Strides Pharma and Granules India led the gains while Lupin, Divis Lab, and Sun Pharma added to the gains. Gland Pharma and Auro Pharma were under extreme pressure.

Sensex rose 200 points, Nifty near 18,050 after volatile trade. IT stocks trade firm ahead of key earnings tomorrow. Global Indices were mixed amid rising Omicron cases and likely US Fed rate hikes.

At around 12.00 noon, BSE Sensex was trading at 60,579.77 up 184.14 points or 0.30% and Nifty50 at 18,048.45 up 45.15 points or 0.25%. Nifty Pharma was trading at 13,908.45 up 49.50 points or 0.36%, touching a high of 13,974.60 and low of 13,842.50 during intraday trade on Tuesday.

Strides Pharma rose 1.72% at Rs459.50 per piece to lead the gains while Granules India was also 1.7% higher at Rs332.30 per piece. Lupin gained 1.35% at Rs951.00 per piece. Divis Lab was 1.23% higher at Rs4,520.70 per piece. Sun Pharma also lifted performance at Rs833.75 per piece, up 0.85%. 

Gland Pharma dragged 2.55% at Rs3,764.00 per piece to emerge the top loser. Auro Pharma was also 2.1% lower at Rs721.75 per piece.