Shares of Pharma companies were moving on bearish mode during the afternoon market session, as part of market volatility. Meantime, benchmark indices wiped out their morning gains and are trading flat note.
The Nifty Pharma index was trading lower by 3.32% at 7,151.40 at 3.18 pm. Shares of Aurbindo Pharma seen a fall of 17.36%, Glenmark down 10.76%, Piramal Enterprises slips 6.40% and Lupin falls 3.26%, which were among the top losers on the Nifty pharma index. Get Free stock tips intraday.
In addition, Cipa, Cadila HealthCare, Sun Pharma, Biocon and Dr. Reddys have recorded losses between 0.26 to 2.3% in range. However, a single stock Divis Lab is trading in the green, up by 1.6%
Meantime, benchmark NSE Nifty scaled down by 51 points at 11123-mark, whereas the BSE Sesnex touched at 37,555-marks down 120 points.
In the 50-scrip of the Nifty, 15 shares witness buying pressure, while the rest 35 nos see selling force.
Yes Bank were among top Nifty Gainer at this time, while Bharat Petroleum Corp (BPCL) was major loser. Get best stock Tips from the experts.