Wednesday, 21 February 2018

Market Now: Sun Pharma drags Nifty Pharma index down

The Nifty Pharma file was exchanging almost 2 for every penny down at 8,843 around 11:15 am (IST) on Wednesday, predominantly because of poor show by the file heavyweight Sun Pharmaceutical IndustriesBSE – 4.96 % (down 5.72 for each penny).

Offers of Sun Pharma dove on reports of USFDA investigation of its Halol plant in Gujarat. Halol is Sun Pharma’s one of the greatest units and is banned from new medication filings in the American market.

Offers of Aurobindo PharmaBSE – 1.22 % (down 1.56 for every penny), Divi’s Laboratories (down 1.12 for each penny), Cipla (down 1.09 for each penny), GlaxoSmithKline Pharmaceuticals (down 0.96 for every penny), Piramal Enterprises (down 0.49 for each penny) and LupinBSE 0.02 % (down 0.02 for each penny) were additionally found in the red.

In the mean time, offers of Dr. Reddy’s Laboratories (up 1.24 for every penny), Glenmark PharmaceuticalsBSE 0.01 % (up 0.29 for every penny) and Cadila Healthcare (up 0.04 for each penny) were up around that time.

Value benchmarks climbed a little on picks up in select IT, FMCG and bank stocks.
The NSE Nifty50 record was 14 focuses up at 10,375, while the BSE Sensex was 81 focuses up at 33,784.

Among the 50 stocks in the Nifty record, 23 were exchanging the green, while 27 were in the red.

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