Pharma stocks on a booster dose; Nifty Pharma up 12% in six days

Analysts attribute the run-up in pharma stocks to positive corporate announcements on the US drug regulatory front. Shares of pharmaceutical companies gained ground for the sixth consecutive day with the Nifty Pharma index gaining 12 per cent during this period, as compared to a 2.6 per cent jump in the Nifty 50 index. Analysts attribute the run-up in pharma stocks to positive corporate announcements on the US drug regulatory front, especially Sun Pharma, which infused a fresh life into these classic defensive plays

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