PHARMA STOCKS PLUNGE; DIVI’S LAB CRACKS 6%

Majority of the pharma stocks were trading in the negative terrain in Wednesday’s morning trade, reflecting the subdued market sentiment. Among the pharma losers, Divi’s Laboratories cracked 6 per cent. Sun Pharmaceutical Industries cracked 2.64%, Cadila Healthcare down 1.98%, Dr. Reddy’s Lab slipped 1.18%, Cipla down 0.97%, GlaxoSmithKline down 0.96%, Lupin down 0.78% and Aurobindo Pharma down 0.70% were the other top losers. Besides pharma, metal index also down over 1%. Metal stock MOIL down over % on NSE, whereas Phoenix Mills gained over 2%, realty and IT stocks were holding up.