Select pharma shares in focus, Nifty Pharma rebounds 16% from day's low

Aurobindo Pharma moved higher by 20 per cent to Rs 449, and witnessed 32 per cent rally in the intra-day deal.

Shares of pharmaceutical companies were in focus with Nifty Pharma index rebounding 16 per cent from its early morning low on strong rally in Aurobindo and Sun Pharmaceuticals.

At 10:55 am, Nifty Pharma index, the top gainer among sectoral indices, was up 2.8 per cent, as compared to a 0.36 per cent rise in the Nifty 50 index. The pharma index hit an intra-day high of 7,265, thus bouncing back 16 per cent from intra-day low level of 6,243 on the National Stock Exchange (NSE).

Among individual stocks, Sun Pharma was up 10 per cent to Rs 390,