Nifty Pharma is on Its Longest Winning Streak in a Decade📈

Nifty Pharma index is on a winning spree of sorts. The index has not seen a fall of more than -2% on a weekly basis since the last 18 weeks. This has been its longest streak in a decade​:chart_with_upwards_trend::hospital:

Pharma index is up by 29.35% during the last 18 weeks🔼

Pharma is a defensive sector that normally outperforms during times of crisis. But this time around pharma sector has done well in a good market environment🌐

Only time will tell whether they have loaded pharma stocks to prepare for a rainy day or just added them since they offered value🤔

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