Pharma shares buck stock market trend, lead gainers

Tags: Companies
Drug makers rise, bucking the stock market trend as investors seek defensives.

Ranbaxy Laboratories is up 4 percent, while Sun Pharmaceutical Industries gains 4.2 percent after marking an all-time high of 839 rupees.

Glenmark Pharmaceuticals gains 1.4 percent after saying its unit is entering the oncology sector with a new antibody.

Cadila Healthcare gains 3.1 percent after U.S. drug regulator gives final approval for Acyclovir tablets, used for the treatment of herpes.


  • EPFO would do well to have better risk management of available cash

    The Employees’ Provident Fund Organisation (EPFO) is apparently revisiting its decision to invest about Rs 6,000 crore in stocks this year.


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