Pharma shares buck stock market trend, lead gainers

Reuters
Various medicine pills in their original packaging are seen in Ljubljana February 14, 2012. REUTERS/Srdjan Zivulovic/Files

Reuters Market Eye - Drugmakers rose on Wednesday, bucking the stock market trend as investors seek defensives. Ranbaxy Laboratories ended up 4.6 percent, while Sun Pharmaceutical Industries rose 4.59 percent after marking an all-time high of 849.80 rupees. Glenmark Pharmaceuticals gained 0.4 percent after saying its unit is entering the oncology sector with a new antibody. Cadila Healthcare closed 1.7 percent higher after U.S. drug regulator gave final approval for Acyclovir tablets, used for the treatment of herpes. (Reporting by Abhishek Vishnoi)