Pharma shares gain; Sun Pharma hits seven-month high

Shares of pharmaceutical companies were in focus with most of the frontline stocks trading higher in the range of 2% to 8% on BSE.

Sun Pharmaceutical Industries, Wockhadrt, Biocon, Ipca Laboratories, Glenmark Pharmaceuticals, Lupin and Cadila Healthcare were up more than 2% on the National Stock Exchange (NSE).

At 09:50 AM; Nifty Pharma index, the largest gainer among sectoral indices, was up 2.3% at 9,927, as compared to 0.53% rise in the Nifty 50 index. The pharma index hits two-month high of 9,939 in intra-day trade so far.

Among the individual stocks, Sun Pharma was up 4%