Share market update: Nifty Pharma index down; Cipla slumps 5%

NEW DELHI: Pharma shares were trading lower in Monday's morning session with their sectoral index trading lower.

Shares of Cipla (down 4.62 per cent) , Cadila Healthcare (down 3.25 per cent) , Piramal Enterprises (down 2.67 per cent) and Sun Pharmaceutical Industries (down 2.08 per cent) were the top losers in the index.

Lupin (down 1.85 per cent) , Glenmark Pharmaceuticals (down 1.83 per cent) , Aurobindo Pharma (down 1.46 per cent) and Dr. Reddy's Laboratories (down 1.07 per cent) too were trading in the red.

The Nifty Pharma index was trading 1.94 per cent down at 7546.25 around 10:01 am.

Benchmark NSE Nifty50 index was down 82.95 points at 11,429.45 while the BSE Sensex was down 268.53 points at 38,554.04.

Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.

Shares of YES Bank, Vodafone Idea, Indiabulls Housing Finance, Tata Motors, Ashok Leyland, SBI, SAIL, Bank of Baroda, JSPL and Dish TV India were among the most traded shares on the NSE.