NEW DELHI: Majority of pharma stocks were trading with gains during afternoon trade on Monday, giving a fillip to the sectoral index.The Nifty Pharma index was trading 1.3 per cent up at 8,845 around 01:10 pm (IST).
Cipla (up 4.15 per cent) was the top gainer of the pack, followed by Divi's Laboratories (up 1.78 per cent), Lupin (up 1.69 per cent) and Piramal Enterprises (up 1.11 per cent).Shares of Biocon (up 0.87 per cent), Sun Pharmaceutical Industries (up 0.84 per cent), Aurobindo Pharma (up 0.80 per cent), Dr.
Reddy's Laboratories (up 0.48 per cent) and Cadila Healthcare (up 0.32 per cent) were also trading up.
Glenmark Pharmaceuticals (up 0.70 per cent) was the only loser in the pharma index.
Equity benchmarks moved up a little after the macroeconomic data, released by the government today, showed that the wholesale price inflation eased marginally to 2.47 per cent in March on cheaper food articles.The NSE Nifty50 index was up 10 points at 10,490, while the BSE Sensex was 3 points down at 34,190.Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red.
Cipla, Grasim Industries, Asian Paints, Indiabulls Housing Finance and Lupin were among the top gainers in the Nifty index.However, Tata Motors, Infosys, Vedanta, HPCL and GAIL were among the top losers in the Nifty pack.