India's Nifty Pharma up 1.3%, set to snap six-session losing streak

Gland Pharma

27/09/2023 09:23

** India's Nifty Pharma index  .NIPHARM  rises as much as
1.36% to 15,185.50 points, its biggest intraday jump since Sept
12
    ** The index lost nearly 4% in the last six sessions, its
longest losing streak since mid-Jan
    ** Shares of Granules India  GRAN.NS , Dr. Reddy's
Laboratories  REDY.NS , Cipla  CIPL.NS , Gland Pharma  GLAD.NS 
among top Nifty pharma gainers on Wednesday after climbing
between 2% and 5% 
    ** "We are seeing respite in the pharma index today, a break
above 15,250 in the index may prompt further recovery," says
Ajit Mishra, senior vice-president for research, Religare
Broking
    ** Including session's gains, Nifty Pharma up 20.4% YTD,
versus blue-chip Nifty 50 index  .NSEI , which climbed 8.7%


    

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))