Healthcare stocks rally in the share market

Healthcare stocks gained momentum after Dr Reddy’s Labs received establishment inspection report from the USFDA for Formulation Srikakulam Plant (SEZ) unit II, Andhra Pradesh. The stock gained 4.6 percent followed by Sun Pharma, Cipla, Lupin and Aurobindo Pharma.

Benchmark indices were off day’s lows in afternoon, with the Nifty clawing back above 10,100 level despite sharp fall in rupee post Fed hinted the next rate hike by December.

The 30-share BSE Sensex was down 90.74 points at 32,309.77 and the 50-share NSE Nifty fell 36.30 points to 10,104.85.

About two shares declined for every share rising on the BSE.

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