Money on the markets

A maturing market amid the mayhem

Healthcare stocks firm in a weak market

May 6, 2010

Shares of healthcare companies traded firm on Thursday, helping push the sectoral index up 1.4 percent to the top of the gainers’ list.

Ranbaxy Labs gained 3.3 percent and ended as the top gainer in the healthcare index. Cipla and Sun Pharma were also among the shares that clocked decent rises.

Investors in this sector should be happy, with the healthcare index gaining 7.3 percent since mid-March, and a little over 8 percent in 2010. During this period, the Sensex has seen a fall of 2.7 percent.
In fact, Pharma mutual funds topped the charts in March, returning 10.8 percent on an average.  Experts said the passage of the U.S Healthcare Bill helped stocks of healthcare firms.

Going ahead, would you invest in such funds or stocks?

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