The ETF tracks Nifty Pharma Index which is designed to reflect the behavior and performance of the pharmaceutical sector in India.

Nippon India Nifty Pharma ETF

With the exception of the last two months, the Nifty Pharma index has shown a consistent uptrend over the past 18 months. It has recently surpassed its 100-day moving average, indicating a solid base for continued momentum. In addition, several factors are currently favoring the pharma sector.

Pharma stocks: A strategic choice in today’s volatile market

The Nifty Pharma index closed 0.13 per cent at 22434.75.

Stock market update: Nifty Pharma index 0.13%

The Nifty Pharma index was trading 0.04 per cent at 22454.30.

Stock market update: Nifty Pharma index 0.04% in an upbeat market

The Nifty Pharma index closed 0.18 per cent at 22463.40.

Stock market update: Nifty Pharma index 0.18%

The Nifty Pharma index was trading 0.7 per cent at 22265.60.

Stock market update: Nifty Pharma index 0.7% in a weak market

The Nifty Pharma index closed 0.1 per cent at 22422.90.

Stock market update: Nifty Pharma index 0.1%

The Nifty Pharma index was trading 0.36 per cent at 22364.15.

Stock market update: Nifty Pharma index 0.36% in an upbeat market

The Nifty Pharma index closed 0.02 per cent at 22445.70.

Stock market update: Nifty Pharma index 0.02%

In the past four years, several MNC pharma companies announced the sale of a part of their businesses in India. Some of this was part of global readjustments being made at the parent companies’ level. The question for us: Will these restructured MNC pharma stocks – which have been underperforming for some time – make a comeback on the street? The answer depends on multiple factors – from how the sale proceeds were used, to whether, post-restructuring, the focus is on a 100% subsidiary. Either way, these stocks should be on your watchlist as news flow around them increases in the coming quarters.

MNC pharma: Time to relook at them? 8 pharma stocks, 4 with an upside potential of between 16 and 47%

The Nifty Pharma index was trading 0.01 per cent at 22452.20.

Stock market update: Nifty Pharma index 0.01% in an upbeat market

The Nifty Pharma index closed 0.94 per cent at 22450.20.

Stock market update: Nifty Pharma index 0.94%

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