Pharma stocks pull BSE Healthcare up by 54%
Shital Jibhe / 02 Feb 2017
The Indian markets opened flat on February 2. The Sensex for the moment is trading in green, up by 18 points, whereas the Nifty is down by 8.15 points; while the Pharma stocks are trading in the mix. However, the BSE Healthcare index is trading strong for the moment, up by 92.94 points.
The Indian markets opened flat on February 2. The Sensex for the moment is trading in green, up by 18 points, whereas the Nifty is down by 8.15 points; while the Pharma stocks are trading in the mix. However, the BSE Healthcare index is trading strong for the moment, up by 92.94 points.
Sun Pharmaceuticals Industries and Aurobindo Pharma have pulled the BSE Healthcare index by 54 per cent. Sun Pharmaceuticals and Industries is contributing 38.63 points to the index, whereas Aurobindo Pharma is contributing 15.07 points to the uptick of the index.
In the Union Budget 2017-18, Union Finance Minister Arun Jaitley had announced a slew of measures for the Indian Pharma sector, the major attraction being the amendment of the drugs and cosmetic rules, which has worked in favour of these two heavyweight pharma stocks.
Sun Pharmaceuticals Industries Ltd is currently trading at Rs 631.9, up by Rs 7.05 or 1.13 per cent, from its previous closing of Rs 624.85 on the BSE.
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