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Budget 2026: Pharma shares rise as FM proposes Bio Pharma Shakti scheme worth Rs 10,000 crore

Budget 2026: Pharma shares rise as FM proposes Bio Pharma Shakti scheme worth Rs 10,000 crore

Budget 2026: The BSE Healthcare index rose 370 pts to 41,717 in late morning deals against the previous close of 41,347. 

Aseem Thapliyal
Aseem Thapliyal
  • Updated Feb 1, 2026 11:33 AM IST
Budget 2026: Pharma shares rise as FM proposes Bio Pharma Shakti scheme worth Rs 10,000 crore Union Budget: Pharma shares rise

Pharma shares were trading higher on Sunday after Finance Minister Nirmala Sitharaman in her Budget speech said the government would unveil as a Bio Pharma Shakti scheme with an outlay of Rs 10,000 crore over five years. The objective of the scheme is to support domestic innovation, research, and development (R&D) in biopharmaceuticals, specifically targeting treatments for diabetes, cancer, and auto-immune issues.

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The BSE Healthcare index rose 370 pts to 41,717 in late morning deals against the previous close of 41,347. 

Sun Pharma Advanced Research Co Ltd (SPARC) shares rose 10%, Syncom Formulations (India) Ltd (10%), Shilpa Medicare (14%) were among the top gainers on the BSE pharma index. 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Feb 1, 2026 11:23 AM IST
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