Nifty Pharma index sees biggest jump in four months, shows data

The Nifty Pharma index finished at 12,750, up 3.1 per cent - most since May 20 and third biggest single-day gain of the year

equity market, stocks, share market
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Even after the latest surge, the Nifty Pharma index is down 10.4% on a YTD even as the Nifty has gained 2.7%

Sundar Sethuraman Thiruvananthapuram
Pharma shares rallied on Tuesday as investors looked to prune exposure from pockets that have rallied and move money into the ones which have been laggards. 

The Nifty Pharma index finished at 12,750, up 3.1 per cent — most since May 20 and third biggest single-day gain of the year. By comparison, the Nifty50 index finished with 1.1 per cent gain. Barring two, all components of the 20-share index rallied, with Cipla and Lupin surging the most at 5.5 per cent and 4.7 per cent, respectively.

The pharma sector is seen as a defensive play. It tends to outperform the

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First Published: Sep 20 2022 | 6:26 PM IST

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