Indices: Stock market update: Nifty Pharma index advances 1.24% in an upbeat market

Biocon(up 3.31 per cent), Strides Pharma Science(up 3.05 per cent), Granules India(up 2.6 per cent), Gland Pharma(up 1.95 per cent) and Alkem Laboratories(up 1.66 per cent) were among the top gainers.

Abbott India(down 0.38 per cent) and Glenmark Pharmaceuticals(down 0.23 per cent) were the top losers on the index.

The Nifty Pharma index was up 1.24 per cent at 12087.65 at the time of writing this report.

Benchmark NSE Nifty50 index was up 175.4 points at 15588.7, while the BSE Sensex was up 574.31 points at 52396.84.

Among the 50 stocks in the Nifty index, 47 were trading in the green, while 3 were in the red.

Shares of , , Zomato Ltd., and SAIL were among the most traded shares on the NSE.

Shares of Rachana Infrastructure Ltd., Globesecure Technologies Ltd.,

and hit their fresh 52-week highs in today’s trade, while , , , Maha Rashtra and Unitech hit fresh 52-week lows in trade.