Shares of Lupin (down 2.42 per cent), Cipla (down 2.06 per cent), Sun Pharma (down 2.0 per cent), Dr Reddy’s Laboratories (down 1.77 per cent) and Cadila Healthcare (down 1.6 per cent) were the top losers in the index.
While Aurobindo Pharma (up 0.78 per cent) were among the top gainers.
The Nifty Pharma index was trading 1.3 per cent down at 11856.4 around 01:50PM.
Benchmark NSE Nifty50 index was down 88.60 points at 14821.85, while the BSE Sensex was down 228.83 points at 50135.13.
Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red.
Shares of Vodafone Idea, PNB, ITC, YES Bank and Tata Power were among the most traded shares on the NSE.
Shares of Orchid Pharma, Adani Power, Dalmia Bharat, General Insurance Corp and Firstsource Solution hit their fresh 52 week high in today’s trade, while B C Power Controls Ltd., Sanginita Chemicals Ltd., Jiya Eco Products Ltd., Tembo Global Industries Ltd., Deep Energy Resources Ltd. and Marine Electricals (India) Ltd. hit fresh 52 week low in trade.