The year 2008 is marked by volatile movements on the stock market with heavy selling pressure by foreign financial institutions and general investors on account of recessionary conditions worldwide. The BSE Healthcare index of 23 major pharmaceutical companies drifted down by 33 per cent to 2966.19 as at the last day of 2008 as compared to 4418.65 points at the end of year 2007. However, the there was small gain across the counters on the first trading day of 2009 with little investors support.
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