While Divi’s Laboratories (down 3.93 per cent), Aurobindo Pharma (down 3.57 per cent), Alkem Laboratories (down 3.19 per cent), Dr Reddy’s Laboratories (down 2.85 per cent) and Biocon (down 2.75 per cent) were the top losers in the index.
The Nifty Pharma index was trading 2.64 per cent down at 11862.55 around 01:03PM.
Benchmark NSE Nifty50 index was down 277.30 points at 14753.65, while the BSE Sensex was down 977.2 points at 49814.88.
Among the 50 stocks in the Nifty index, 10 were trading in the green, while 40 were in the red.
Shares of Vodafone Idea, BHEL, Tata Power, YES Bank and PNB were among the most traded shares on the NSE.
Shares of Welspun India, Poly Medicure, Vaibhav Global, Orchid Pharma and Indian Energy Exchange hit their fresh 52 week high in today’s trade, while Shrenik Ltd., B C Power Controls Ltd., Rajvir Industries Ltd., Ahimsa Industries Ltd., Bannari Amman Spinning Mills Ltd. and Marine Electricals (India) Ltd. hit fresh 52 week low in trade.