NEW DELHI: Pharma majors Aurobindo Pharma (down 1.50 per cent), Dr. Reddy’s Laboratories (down 1.06 per cent) and Cadila Healthcare (down 0.93 per cent) were trading in the negative territory during afternoon trade on Tuesday, keeping the sectoral index down.
The Nifty Pharma index was trading 0.24 per cent down at 8,717 around 1 pm (IST).
On the other hand, shares of Divi’s Laboratories jumped nearly 3 per cent during Tuesday’s trade. Shares of Cipla (up 0.66 per cent) and Glenmark Pharmaceuticals (up 0.26 per cent) were also in the green around that time.
Equity benchmarks were trading in the positive zone on sustained buying by investors ahead of earnings season, scheduled to begin this week, amid a firm trend at other Asian markets.
The NSE Nifty50 index was up 20 points at 10,400, while the BSE Sensex was up 90 points at 33,878.
Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.
Axis Bank, ICICI Bank, Hindalco, Tata Steel and Adani Ports SEZ were among the top gainers in the Nifty index.
However, Indiabulls Housing Finance, Mahindra & Mahindra, Hero MotoCorp, Bajaj Finserv and HDFC Bank were among the top losers in the Nifty pack of stocks.