Stock market update: Nifty Pharma index falls 0.28% in a weak market

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NEW DELHI: The Nifty Pharma index traded negative around 11:15AM(IST)on Monday in a weak market.

Cipla(up 1.17 per cent), Glenmark Pharmaceuticals(up 1.09 per cent), Ipca Laboratories(up 0.6 per cent) and Pfizer(up 0.3 per cent) were among the top gainers.

Abbott India(down 1.34 per cent), Aurobindo Pharma(down 1.32 per cent), Strides Pharma Science(down 1.31 per cent), Lupin(down 1.27 per cent) and Dr Reddys Laboratories(down 1.17 per cent) were the top losers on the index.

The Nifty Pharma index was down 0.28 per cent at 12383.5 at the time of writing this report.

Benchmark NSE Nifty50 index was down 84.45 points at 16499.85, while the BSE Sensex was down 288.56 points at 55480.67.

Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.

Shares of JP Power,

,

, ONGC and Zomato Ltd. were among the most traded shares on the NSE.

Shares of

,

,

, Empyrean Cashews Ltd. and

hit their fresh 52-week highs in today’s trade, while

,

Ltd.,

Ltd.,

and Debock Sales & Mktg hit fresh 52-week lows in trade.