Major pharma stocks are losing ground on the bourses during Monday’s trading session. Sun Pharma is the major contributor to the BSE Healthcare index and is dragging the index to its lows.
The stock is down by 11%. Other stocks in the sectoral index such as Alembic Pharma is down by 4%, Anuh Pharma is down by 4.8%, Orchid Pharma is down by 4.7% and Ajanta Pharma is down by 4.2%
At 12 PM, the S&P BSE Sensex is trading at 31030 up 2 points, while NSE Nifty is trading at 9588 down 7 points. A total of 45 stocks registered a fresh 52-week high in trade today, while 47 stocks touched a new 52-week low on the NSE.
There are 483 advances, 1120 declines and 361 unchanged stocks on NSE reflecting a negative bias floating in the market.
The BSE Mid cap Index is trading down 0.6% at 14413, while BSE Small cap Index is trading down 0.5% at 14948.
Some buying activity is seen in FMCG, Finance, Metal and Oil & Gas while Healthcare, Realty, Power and Auto is showing weakness on BSE.
Indiabulls Housing Finance, ITC, HDFC, and BPCL are among the gainers, whereas Tech Mahindra, Su Pharma, Adani Ports, Aurobindo Pharma are losing on the NSE.
The INDIA VIX is up 6% at 11.
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