Healthcare in green, markets in red

While the broader markets are in the red, both NSE and BSE down 1% each, some healthcare stocks are going against the flow, and are firmly in the green since morning. While Astrazeneca Pharma may be locked in upper circuit due to announcement of new launch, other biggies in the pharma pack are showing strength on trade this Thursday.  

Names like Glenmark Pharma, Alembic Pharma, Divis Lab, Sun Pharma, Torrent Pharma, Abbott India and Novartis India are all playing good defense. These defensive stocks are up anywhere between half a percent to four percent each. Even hospital major Apollo Hospitals is trading higher by 1.4% at Rs. 1,218 currently.

When the going gets tough, the tough get going! Markets are waiting for the next big trigger to change their downward course. Till then, pharma sector seems to be in the ‘green’ of health!