Pharma shares buck stock market trend, lead gainers

Various medicine pills in their original packaging are seen in Ljubljana
Various medicine pills in their original packaging are seen in Ljubljana February 14, 2012. REUTERS/Srdjan Zivulovic/Files

Reuters Market Eye - Drugmakers rose on Wednesday, bucking the stock market trend as investors seek defensives.

Ranbaxy Laboratories ended up 4.6 percent, while Sun Pharmaceutical Industries rose 4.59 percent after marking an all-time high of 849.80 rupees.

Glenmark Pharmaceuticals gained 0.4 percent after saying its unit is entering the oncology sector with a new antibody.

Cadila Healthcare closed 1.7 percent higher after U.S. drug regulator gave final approval for Acyclovir tablets, used for the treatment of herpes.

(Reporting by Abhishek Vishnoi)