Pharma shares buck stock market trend, lead gainers

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

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)

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