Nifty Pharma index hits all-time high; Sun Pharma scales 4-year high

Since April, the index has outperformed the market by surging 15 per cent, against 1.7 per cent gain in the Nifty50; Sun Pharma scales 4-year high

The Nifty Pharma index hit an all-time high of 14,228, after rising 3.5 per cent in intra-day trades on the National Stock Exchange (NSE) on Monday, led by a strong rally in stocks like Torrent Pharma, Alkem Laboratories, Cadila Healthcare, Aurobindo Pharma, Dr Reddy’s Laboratories, Sun Pharmaceutical Industries and Divi’s Labs. The pharma index surpassed its previous high of 14,020.70, touched in intra-day trade on April 7, 2015.

Since April, the Nifty Pharma index has outperformed the market by surging 15 per cent, against 1.7 per cent gain in the Nifty50 index. In the past one month, the market values