Pharma index will fall more the 3.30% , Bearish mode on pharma sector
Today also the worst day for the Pharmaceutical indexes because the price Change in India it is cause of tax reform in pharmaceutical prices the The more burden of tax in Pharma Companies that's why the stock will be pull to the lower . All the pharma company will take action and to support the prices of Pharma company US(FDA) will also calling the America agencies to support the prices of Pharma company.
- Today the farmer index will be down 332 points about - 3.34% It is the biggest fall in the one year in pharma indax
- Lupin prices will correct in 3 days 81 rupees about near about 6.64%. It will correction at 1160 levels.
- Arvindo Pharma Aurobindo Pharma is also correct near about 4.40% approx 80 Rupees and it continuously down Not it Remain constant in this level.
that's why a good chance to invest in the pharmaceutical companies and take or group more money in the pharmaceutical company because it's nearly trade-in 1 year low means 52 weeks low .That's why Nifty will also in the under pressure because for my indexes will put down the Nifty that's why the Nifty trade at range bound.