Pharma stocks were star performers of Wednesday’s trading session as hopes for Covid-19 vaccine lifts investor sentiments. The sector outperforms benchmarks Sensex and Nifty which have paring early gains and trading in the red led by selling in heavyweight stocks.
At around 1.21 pm, Nifty Pharma was trading at 11,539.60 up 370.70 points or 3.32%. The index has clocked the day’s high of 11,548.35.
On the index, Aurobindo Pharma was the top performer, trading at Rs807.25 per piece up 6.07%, followed by Lupin at Rs905.85 per piece above 5.49% and Torrent Pharma at Rs2,561 per piece higher by 5.32%.
Dr Reddy’s Lab surged by nearly 4%, while other major stocks like Cipla, Biocon, Sun Pharma and Divis Lab zoomed by 3% each.
Cadila Healthcare recorded a 2% rise.
However, Alkem Laboratories was the sole underperformer, trading at Rs2,675.10 per piece down 1.73%.
The Ministry of Healthcare and Family Welfare today said, India has crossed several landmark milestones in its collective fight against the global pandemic. The active caseload of India has fallen under the 5 lakh mark for the first time after 106 days. Today, the total burden of active cases is pegged at 4,94,657. It was 4,96,988 on 28th July. With this, the Active Caseload stands at 5.73% of the total positive cases.
The ministry added this also indicates a sustained trend of declining active cases in the country. It assumes higher significance in the context of several countries across the globe reporting a surge in the number of new cases.
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