Nifty Pharma index hits over six-month high; Sun Pharma at 14-month high

Thus far in current week, the Nifty Pharma index outperformed the market by surging 7% against a marginal 0.31% rise in the Nifty 50 index.

Shares of pharmaceutical companies in focus with Nifty Pharma index was trading higher for the fourth straight day, hitting an over six-month high on the National Stock Exchange (NSE).

Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Glenmark Pharmaceuticals, Lupin, Aurobindo Pharma and Cadila Healthcare from the index, were up in the range of 1% to 4% on the NSE.

At 10:25 am; Nifty Pharma index, the largest gainer among sectoral indices, was up 1.5% at 3,386, as compared to 0.71% rise in the Nifty 50 index. The pharma index hit an intra-day high of 9,781, up 2%, touched its