Pharma shares trade firm; Laurus up 2%, Sun Pharma nears 52-week high

Sun Pharma, Cipla, Natco, Dr Reddy's, Torrent Pharma, Aurobindo Pharma and Strides have launched a generic version of Molnupiravir in India post approval for emergency use authorisation from DCGI

Shares of pharmaceutical companies were trading firm in an otherwise subdued market, with Nifty Pharma index gaining nearly 1 per cent on the National Stock Exchange (NSE) on Wednesday, on expectation of improved outlook.

At 09:33 am; Nifty Pharma index, the top gainer among sectoral indices, was up 0.81 per cent at 13,948.60, as compared to 0.15 per cent rise in the Nifty50 index. The pharma index hit a 52-week high of 14,938.25 on October 4, 2021. In past seven trading days, the index has rallied 5.8 per cent.

Strides Pharma Science, Laurus Labs, Cipla, Natco Pharma, Lupin,