Nifty below 17,800; Sensex drops 117 pts; Pharma stocks decline

At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 117.15 points or 0.20% to 59,602.59. The Nifty 50 index declined 52.90 points or 0.30% to 17,763.35.