Pharma shares extend gain; Sun Pharma, Divi's Lab up over 10% in three days

In past three trading sessions, Nifty Pharma index surged 6%, while S&P BSE Healthcare gain 5% against 1% rise in the benchmark indices.

Shares of pharmaceutical companies were trading higher for the third straight session with Sun Pharmaceutical Company and Divi’s Laboratories gaining more than 10% each.

At 09:57 AM; the Nifty Pharma (up 2%) and S&P BSE Healthcare index (up 1.8%) were up nearly 2% each, against 0.3% rise in Nifty 50 and in S&P BSE Sensex. In the past three trading sessions, the Nifty Pharma index surged 6%, while the S&P BSE Healthcare gained 5% against 1% rise in the benchmark indices.

Divi’s Laboratories was up 4% to Rs 865 on BSE in intra-day trade, extending its 19% rally