Share market update: Nifty Pharma index dips; Dr. Reddy's Lab down 4%

NEW DELHI: Pharma shares were trading lower in Monday's morning session with their sectoral index trading down.

Shares of Dr. Reddy's Laboratories (down 4.34 per cent), Lupin (down 2.80 per cent), Cipla (down 1.78 per cent) and Divi's Laboratories (down 1.32 per cent) were the worst performers in the index.

Glenmark Pharmaceuticals (down 1.09 per cent), Cadila Healthcare (down 1.01 per cent) and Biocon (down 0.77 per cent) too were trading lower.

The Nifty Pharma index was trading 1.31 per cent down at 7879 around 10:09 am.

Benchmark NSE Nifty50 index was up 235.75 points at 11,509.95 while the BSE Sensex was up 781.16 points at 38,795.78.

Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.

Shares of YES Bank, Ashok Leyland, Vodafone Idea, ITC, ICICI Bank, Petronet LNG, Axis Bank, Tata Motors, SAIL and SBI were among the most traded shares on the NSE.