New Delhi, Oct. 10 -- Pharma stocks in India witnessed a sharp rally on Friday, with shares of Cipla, Divi's Laboratories, Piramal Pharma, and others surging up to 5% amid strong buying momentum. The rally came after reports that the US Senate has approved the Biosecure Act, boosting sentiment in the sector. The Nifty Pharma index climbed 1.7% during the session.

Divi's Laboratories, Piramal Pharma, Wockhardt, Cipla, Laurus Labs, Aurobindo Pharma, Glenmark Pharmaceuticals, Dr Reddy's Laboratories were among the top gainers in the Nifty Pharma index.

The rally in pharma stocks highlights renewed investor interest in Indian pharmaceutical and contract development manufacturing organization (CDMO) companies.

According to Bloomberg News, t...