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    Stock market update: Pharma stocks under pressure; Piramal Ent. plunges 7%

    Synopsis

    The Nifty Pharma was trading 0.65 per cent down at 7,417.95

    pharma-medicines-oxycontin-Reuters
    Most of the pharma stocks were trading with losses in the afternoon trade on Thursday.

    Piramal Enterprises (down 6.53 per cent), Lupin (down 1.01 per cent) and Cadila Healthcare (down 0.88 per cent) were among the top losers in the index at around the same time.

    Dr. Reddy's Laboratories (down 0.72 per cent ), Sun Pharmaceutical Industries (down 0.27 per cent ) and Aurobindo Pharma (down 0.07 per cent ) were other losers on the index.

    On the other hand, Shares of Biocon (up 3.20 per cent), Cipla (up 1.18 per cent), Divi's Laboratories (up 0.27 per cent) and Glenmark Pharmaceuticals (up 0.22 per cent) were among the gainers on the index.

    The Nifty Pharma was trading 0.65 per cent down at 7,417.95 around 01:19 pm.

    Benchmark NSE Nifty50 index was down 43.65 points at 11316.25. BSE Sensex was 176.01 points at 38,129.4.

    Among the 50 stocks in Nifty index, 19 were trading in green, while 31 were in red. Shares of YES Bank, Vodafone Idea, Tata Motors, SBI, Indiabulls Housing Finance, Ashok Leyland, Bank of Baroda, Zee Ent., SAIL and RBL Bank were among most traded securities on NSE.




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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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