The Nifty Pharma Index Shows Positive Trading
The Nifty Pharma index traded positively in a weak market on Thursday. Among the top gainers were Granules India Ltd., GlaxoSmithKline Pharmaceuticals Ltd., Aurobindo Pharma Ltd., Divi’s Laboratories Ltd., and Torrent Pharmaceuticals Ltd.
Top Losers on the Index
Cipla Ltd., Ipca Laboratories Ltd., Sanofi India Ltd., and Gland Pharma Ltd. were the top losers on the index.
Current Status of the Nifty Pharma Index
At the time of writing this report, the Nifty Pharma index was up 0.66% at 16095.7. The benchmark NSE Nifty50 index was down 34.05 points at 20062.55, while the BSE Sensex was down 150.83 points at 66751.08.
Market Performance
Out of the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.
Most Traded Shares on the NSE
The most traded shares on the NSE included Indian Renewable, YES Bank, Reliance Power, JP Power, and Vodafone Idea.
52-Week Highs and Lows
In today’s trade, shares of Global Education, Shradha Infraproject, New India Assurance, Indian Renewable, and Navkar Corp hit their fresh 52-week highs. On the other hand, Aether Industries, Fourth Dimension Sol, Raj Rayon, Winsome Yarns, and Blue Jet Healthcare hit fresh 52-week lows.
Hot Take: The Nifty Pharma Index Holds Strong Amidst Market Weakness
The Nifty Pharma index has displayed resilience by trading positively in a weak market. This indicates the strength and potential of the pharmaceutical sector. Despite the overall decline in the market, several pharma companies have shown significant gains, while others have experienced minor losses. This demonstrates the diversity and volatility of the sector. Investors should closely monitor the performance of individual pharmaceutical stocks to make informed investment decisions.
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