The NIFTY Pharma Index is designed to reflect the behavior and performance of the pharmaceutical sector in India. The rescheduling of index constituents happens bi-annually every year.

Nifty Pharma Index

This index consists of sector specific companies

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Divis Laboratories Ltd drops for fifth straight session

Divis Laboratories Ltd is quoting at Rs 4558.3, down 1.01% on the day as on 13:24 IST on the NSE. The stock jumped 22.13% in last one year as compared to a 29.86% rally in NIFTY and a 7.81% spurt in the Nifty Pharma index.

Torrent Pharma shares drop 0.83% as Sensex rises

On the technical charts, the RSI of the stock stood at 62.06.

Venus Remedies surges 13% on govt’s PLI nod

In a release last month, the Ministry of Chemicals and Fertilisers said that 55 companies had qualified for the PLI scheme for the pharmaceutical sector.