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Why Nifty Pharma index is bucking the trend today

Business

While most of the market slipped on Monday, the Nifty Pharma Index actually climbed over 1%. Laurus Labs led the way with a huge 7% jump, and Cipla also did well.
Meanwhile, sectors like IT and Oil & Gas were in the red.

Pharma market grew 11.5% in June 2025

Pharma's holding strong thanks to solid fundamentals—India's pharma market grew 11.5% in June 2025.
Even with tough competition from generics and government-backed Jan Aushadhi stores, demand for medicines remains steady.
Analysts are keeping an eye on Cipla and Apollo Hospitals as possible short-term winners.