NEW DELHI: Most pharma stocks were trading with gains during morning trade on Thursday, while rupee plunged further against the US dollar.The rupee on Thursday opened at an all-time low against the US dollar, breaching the 69 level for the first time.The Nifty Pharma index was trading 0.58 per cent up at 9,317 around 10 am.
Shares of Cadila Healthcare (up 1.80 per cent), Lupin (up 1.12 per cent) and Dr.
Reddy's Laboratories (up 1.10 per cent) were the top gainers in the pharma index.Cipla (up 0.95 per cent), Sun Pharmaceutical Industries (up 0.84 per cent), Aurobindo Pharma (up 0.54 per cent) and Glenmark Pharmaceuticals (up 0.28 per cent) were also among the gainers in the index.On the other hand, shares of Divi's Laboratories (down 0.86 per cent) and Piramal Enterprises (down 0.51 per cent) were incurring losses.
Shares of Biocon (down 0.07 per cent) were almost flat around that time.
Equity markets were lacklustre during early trade on Thursday, tracking weak global cues.Macro indicators such as rising crude oil prices and weakening rupee too hit market sentiment.Investors were on the sidelines on the last of June series of future and option contracts.Benchmark NSE Nifty50 index was down 5 points at 10,666, while the BSE Sensex was up 30 points at 35,247.Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.
GAIL, Grasim Industries, Titan and NTPC were among the top losers in the Nifty index.