Pharma stocks rally in listless trading

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    Pharma stocks rally in listless trading
    Glenmark Pharmaceuticals: Quotes, News
    BSE 569.65BSE Quote38.6 (-6.78%)
    NSE 569.35NSE Quote39.85 (-7.00%)
    Cipla: Quotes, News
    BSE 540.40BSE Quote2.4 (-0.44%)
    NSE 540.55NSE Quote2.35 (-0.43%)
    Pharma stocks were in the limelight in an otherwise lacklustre trading session with Glenmark Pharma rallying 3.24 per cent, Sun Pharma jumping 2 per cent, Piramal Enter rallying one per cent and Dr Reddy's gaining 0.80 per cent.

    Other gainers from the sector were Cipla, Ranbaxy Laboratories and Lupin. Analysts attribute the gains in pharma stocks to renewed investor interest following better growth prospects and also hedging against any likely fall in the markets.

    Pharma stocks are defensive stocks and hence do not fall, during a sharp decline in the markets.

    Read more about: pharma ranbaxy
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