Pharma shares in focus; Dr Reddy's, Biocon, Lupin, Natco Pharma up over 3%

Nifty Pharma index, the largest gainer among sectoral indices, was up 1.7% as compared to 0.17% decline in Nifty 50 index at 09:36 am.

Shares of pharmaceutical were in focus in an otherwise subdued market on Monday with Nifty Pharma index gaining nearly 2% against 0.17% decline in the Nifty 50 at 09:36 am.

Dr Reddy’s Laboratories, Lupin, and Biocon from the index were up in the range of 3% to 4%, while, Sun Pharmaceutical Industries, Cipla, Glenmark Pharmaceuticals, Cadila Healthcare, Aurobindo Pharma and Divi’s Laboratories up between 1% and 2% on the NSE. In comparison, the Nifty Pharma index, the largest gainer among sectoral indices, was up 1.7% at 9,683 points.

Natco Pharma, Morepen Laboratories, Granules India and Sequent Scientific were