Share market update: Nifty Pharma index rises 2%; Dr. Reddy's Lab, Biocon surge 4%

The Nifty Pharma index was trading 1.82 per cent up at 9,698.75 around 12:19 pm on Monday with most of its components trading in the green.

Shares of Dr. Reddy's Laboratories (up 3.87 per cent), Biocon (up 3.59 per cent), Lupin (up 2.98 per cent), Cipla (up 1.89 per cent), Divi's Laboratories (up 1.77 per cent) and Cadila Healthcare (up 1.74 per cent) were the top gainers in the index.

Aurobindo Pharma (up 1.74 per cent), Divi's Laboratories (up 1.61 per cent) and Sun Pharmaceutical Industries Ltd.(up 1.41 per cent), too, were among the top performers.

Benchmark NSE Nifty50 index was down 4.40 points at 10,468.1, while BSE Sensex was down 32.31 points at 34,701.27 at that time.

Among the 50 stocks in Nifty index, 19 were trading in the green, while 31 were in the red.

Shares of YES Bank, SBI, HPCL, ICICI Bank, ITC, Idea Cellular, Bank of Baroda, Ashok Leyland, Vedanta and Tata Motors were among the most traded securities on the NSE.