Nifty trades near 25,200 level; pharma shares snap 2-day losing streak

The key equity benchmarks traded with moderate losses in morning trade as investors remained cautious amid weak global cues following the reported resignation of NVIDIA?s CEO. The Nifty traded near the 25,200 level.

Pharma shares advanced after declining in the past two trading sessions.

At 10:25 IST, the barometer index, the S&P BSE Sensex declined 176.50 points or 0.22% to 81,734.51. The Nifty 50 index fell 92.65 points or 0.37% to 25,206.70.

In the broader market, the Nifty MidCap 150 Index rose 0.06% and the Nifty SmallCap 250 Index shed 0.11%.

The market breadth was negative. On the BSE, 1,630 shares rose and 1,661 shares fell. A total of 102 shares were unchanged.

Buzzing Index:

The Nifty Pharma index jumped 0.59% to 28,845.75. The index shed 0.76% in the past two trading sessions.

Laurus Labs (up 1.73%), Sai Life Sciences (up 1.6%), Ipca Laboratories (up 1.26%), Divis Laboratories (up 1.07%), Sun Pharmaceutical Industries (up 0.95%), Dr Reddys Laboratories (up 0.92%), Gland Pharma (up 0.92%), Mankind Pharma (up 0.87%), Wockhardt (up 0.8%) and Aurobindo Pharma (up 0.64%) advanced.

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