logo

Stock market update: Nifty Pharma index falls 0.02% in a weak market

Economic Times02-07-2025
NEW DELHI: The Nifty Pharma index traded negative around 10:51AM(IST)on Wednesday in a weak market.
ADVERTISEMENT Mankind Pharma Ltd.(up 1.71 per cent), Sun Pharmaceutical Industries Ltd.(up 0.69 per cent), Aurobindo Pharma Ltd.(up 0.63 per cent), Lupin Ltd.(up 0.48 per cent) and Laurus Labs Ltd.(up 0.41 per cent) were among the top gainers.
Gland Pharma Ltd.(down 1.66 per cent), Torrent Pharmaceuticals Ltd.(down 1.29 per cent), Natco Pharma Ltd.(down 1.26 per cent), Cipla Ltd.(down 0.57 per cent) and Dr. Reddy's Laboratories Ltd.(down 0.56 per cent) were the top losers on the index.
The Nifty Pharma index was down 0.02 per cent at 22037.75 at the time of writing this report. Benchmark NSE Nifty50 index was down 53.15 points at 25488.65, while the BSE Sensex was down 142.51 points at 83554.78. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red.
ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, JP Power, PC Jeweller and Ola Electric Mobilit were among the most traded shares on the NSE.
Shares of Gabriel India, TN Telecom, NACL Industries, Reliance Naval & Engg and Kalyani Commercials hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Jindal Worldwide, Sadhana Nitro, Raymond Realty and Kalpataru hit fresh 52-week lows in trade.
(You can now subscribe to our ETMarkets WhatsApp channel)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GMR Airports board clears proposal to raise up to Rs 5,000 crore
GMR Airports board clears proposal to raise up to Rs 5,000 crore

Economic Times

time8 hours ago

  • Economic Times

GMR Airports board clears proposal to raise up to Rs 5,000 crore

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Nifty recast likely on Friday: Indigo, Max Health may replace Indusind Bank, Hero Motocorp
Nifty recast likely on Friday: Indigo, Max Health may replace Indusind Bank, Hero Motocorp

New Indian Express

time9 hours ago

  • New Indian Express

Nifty recast likely on Friday: Indigo, Max Health may replace Indusind Bank, Hero Motocorp

MUMBAI: The Nifty 50 is set for a likely rejig Friday, with Interglobe Aviation, the parent of the largest airline Indigo, and Max Healthcare likely entering the benchmark index, while struggling private sector lender Indusind Bank and the two-wheeler major Hero Motocorp may be on their way out of the index, according to analysts. Changes to the Nifty 50, which counts the 50 largest companies in terms of public float and market capitalisation as it constituents, are carried out twice a year by the exchange, every March and September. The changes are based on the average free-float market capitalisation of the previous six months. The Sensex 30 index undergoes similar period changes in every July and December. The official decision by the NSE index sub-committee is expected on August 22. If carried out, the index adjustments will be effective from September 29. The Nifty and the Sensex recasts are always closely watched events as several passive funds that track these benchmarks could see changes in their fund flow allocations, Nuvama Alternative has said in a recent report. If the index is rejigged, exchange-traded funds and mutual funds that track the Nifty will also rebalance their portfolios to align with the new index composition, which leads to changes in passive fund flows. If included, according to brokerages, Interglobe Aviation may see an inflow to the tune of $600 million, while the likely inflows for the healthcare service provider Max Healthcare will be around $400 million.

Nifty recast likely Friday: Indigo, Max Health may replace Indusind Bank, Hero Motocorp
Nifty recast likely Friday: Indigo, Max Health may replace Indusind Bank, Hero Motocorp

New Indian Express

time9 hours ago

  • New Indian Express

Nifty recast likely Friday: Indigo, Max Health may replace Indusind Bank, Hero Motocorp

MUMBAI: The Nifty 50 is set for a likely rejig Friday, with Interglobe Aviation, the parent of the largest airline Indigo, and Max Healthcare likely entering the benchmark index, while struggling private sector lender Indusind Bank and the two-wheeler major Hero Motocorp may be on their way out, according to analysts. Changes to the Nifty 50, which counts the 50 largest companies in terms of public float and market capitalisation as it constituents, are carried out twice a year by the exchange, every March and September. The changes are based on the average free-float market capitalisation of the previous six months. The Sensex 30 index undergoes similar period changes in every July and December. The official decision by the NSE index sub-committee is expected on August 22. If carried out, the index adjustments will be effective from September 29. The Nifty and the Sensex recasts are always closely watched events as several passive funds that track these benchmarks could see changes in their fund flow allocations, Nuvama Alternative has said in a recent report. If the index is rejigged, exchange-traded funds and mutual funds that track the Nifty will also rebalance their portfolios to align with the new index composition, which leads to changes in passive fund flows.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store