The Nifty Pharma index tumbled over 1.3%, emerging as the day’s worst-performing sectoral space due to regulatory margin scrutiny and profit-booking. High-beta non-banking financial companies (NBFCs) and life insurers also witnessed significant distribution, with Shriram Finance (-3.85% to -3.96%), HDFC Life Insurance (-2.85%), and Bajaj Finance (-2.62%) featuring among frontline laggards
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