Mankind, other pharma stocks rally up to 7%; Nifty Pharma scales fresh peak. What lies ahead?

Pharma stocks did great on Wednesday, even though the main markets were down. The Nifty Pharma index hit a new high, crossing 25,000. Companies like Zydus Lifesciences and Mankind Pharma saw big jumps. A weaker rupee helped these export-focused companies. One analyst said, "traders are eyeing corporate earnings."