Health Care Index up by 35% from January, reaches to yearly peak level at 4040 in September

The Bombay Stock Exchange Health Care (HC) index of 21 major pharma companies touched to its 52-weeks highest level at 4040.45 points on September 18, 2009 on account of improved investor sentiment. With better than expected economic recovery, improved US numbers, limited foreign exchange losses in the current quarter and higher approvals in the highly regulated market offered the necessary push to HC index. At the close of the week ended September 2009, the HC index closed at 4023.54 points, a gain of 35.49 points as compared to 2990 points as at the first trading day closing of the year 2009.