While Sun Pharmaceutical Industries (down 0.58 per cent) and Alkem Laboratories (down 0.35 per cent) were the top losers in the index.
The Nifty Pharma index was trading 1.39 per cent up at 11799.15 around 01:40PM.
Benchmark NSE Nifty50 index was up 76.15 points at 11756.5, while the BSE Sensex was up 270.47 points at 39998.88.
Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red.
Shares of Vodafone Idea, YES Bank, Tata Motors, Ashok Leyland and Federal Bank were among the most traded shares on the NSE.
Shares of Poly Medicure, Amber Enterprises India Ltd., JSW Steel, Ruchi Soya Inds and JK Cement hit their fresh 52-week high in today’s trade, while Vikas Proppant & Granite Ltd., Sumit Woods Ltd., Lypsa Gems & Jewellery Ltd., Zee Learn Ltd., Central Bank of India, SKIL Infrastructure Ltd., Som Distilleries & Breweries Ltd., Coal India Ltd., Motor & General Finance Ltd. and Twentyfirst Century Management Services Ltd. hit fresh 52-week low in trade.