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Nifty Pharma index falls; Biocon falls near 3pc

Key equity benchmark indices were between gains and losses through Friday mid-market with high volatility.  During Mid-market at 12.40pm, the Sensex was trading flat at 39,534-level, up 4-points, while the Nifty up 5 points to trade at 11,849 levels.

Among sectoral stocks, the Nifty Pharma index declined 0.81% at 8,211.95 as selling pressure was seen in Biocon, Dr Reddy’s, Glenmark, Cipla and Divi’s Lab.

Shares of Biocon, which fall 2.83pc, were leading the index’s decline. Also, Nifty FMCG and Auto indices were trading in the red.  However, shares of Aurobindo Pharma and Piramal Enterprises which gained upto 2%

The other index gainers on the Nifty sectorally were Nifty Bank, Financial service, PSU bank and Pvt Bank by more or less 0.55% each.