See pressure in pharma space: Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "There is a likelihood that pharma may give up some of its strength that we have seen. There is a short-term pullback that is likely on pharma stocks. Certainly in Lupin and Sun Pharmaceutical Industries, there appears to be some amount of open interest (OI) addition getting added towards a correction. So, that is a space where you could see some pressure. The beaten down sectors, which when they bounce back like metals and real estate, they will again give you an opportunity to go short."At 15:03 hrs Sun Pharmaceutical Industries was quoting at Rs 838.55, down Rs 20, or 2.33 percent. It has touched an intraday high of Rs 865.05 and an intraday low of Rs 838.30.