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Nifty Pharma Index is made up of stocks belonging to the 20 largest pharma companies in the country, including Sun Pharmaceutical Industries, Cipla, Dr Reddy's Laboratories, Divi’s Laboratories, Lupin, Aurobindo Pharma, etc.
‘Nifty Pharma Index’ is a market index of the stocks belonging to some of the largest pharmaceutical companies in India. This index captures the financial health of the Indian pharma giants in one number.
So, if you have just opened a demat account and want to track pharma stocks, you should start by tracking the Nifty Pharma Index.
This index is made up of 20 pharma companies listed on the National Stock Exchange of India (NSE). The values of the Nifty Pharma Index move up and down based on how the total free float market value of the pharma stocks in this index behave. Free float market value means the value of those shares, which can be traded publicly on stock exchanges.
In this manner, this index reflects how the biggest pharma companies in India are performing. If it moves up regularly, it shows that those companies must be performing well. Conversely, if it is on a downward trend for some time, it shows those companies might not be performing well. That said, at times, stock prices go up and down purely based on sentiment and not fundamentals.
The Nifty Pharma Index is made up of the stocks of the following pharma companies:
A careful analysis of the values of the Nifty Pharma Index can reveal interesting insights. Here are a few steps that you can follow for this analysis:
Keeping track of the Nifty Pharma Index can help you examine the health of the Indian pharma sector. Besides, you can use the steps mentioned above to analyse any sector. So, if you want to invest in the share market or Nifty, start by tracking various sectoral indices of Nifty.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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