Pharma shares gain; Nifty Pharma index up 5% in three days

In past two weeks, till Monday, the pharma index tanked 15%, against 2% rise in Nifty 50 index.

Shares of pharmaceutical companies were trading higher for the third straight trading session, with the Nifty Pharma index gaining more than 5% during the period.

Aurobindo Pharma and Divi’s Laboratories were up 5% each, while Sun Pharmaceutical Industries, Cadila Healthcare, Glenmark Pharmaceuticals, Cipla, Lupin and Dr Reddy’s Laboratories were up in the range of 1% to 3% on the National Stock Exchange (NSE).

Jubilant Life Sciences, Pfizer, SMS Pharma, Marksans Pharma, Ipca Laboratories, Granules India, FDC and Strides Shasun, the non-index pharma stocks were trading higher between 3% and 5%.

At 09:55 am; Nifty Pharma index, the