Pharma shares traded higher with higher index sector trading in Friday’s session. Pharma sectoral index traded 0.85 per cent up at 10163.95 points.
Investors are turned cautious and started invested in safety stocks such as pharma, telecom, and FCMG (Fast Moving Consumer Goods).
Out of all three sectors, the pharma sector outperformed the other two sectors. Even after emerged as a leader pharma sector solely cannot drive the market index up.
Friday’s share market top gainers were shares of Sun Pharmaceutical Industries up by 2.06 per cent, Alkem Laboratories up by 0.9 per cent, Torrent Pharmaceuticals up by 1.18 per cent, Divis Laboratories up by 0.44 per cent, and Lupin with up points by 0.47
Overall Market Performance
Nifty Pharma sector traded at 10163.95 levels with an increased 0.85 per cent around 12:23 pm. The Benchmark NSE Nifty50 was up with 83.70 points at 10112.8, whereas BSE Sensex hiked with 193.0 points at 34173.7
Among the 50 stocks in Nifty50 Index, 38 shared traded in green light whereas traded 12 in red. The most traded shares on NSE are Tata Motors, Ashok Leyland, SBI, SAIL, Vodafone Idea, Tata Power, Trident Ltd, PNB, BHEL, and IDFC First Bank Ltd.