Company Overview and News
Stop missing out on important events!
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in “National Do Not Call Registry” as laid down by “Telecom Regulatory Authority of India” will not be applicable for such information/ communication.
Key benchmark indices finished last trading day of the week with small losses in a quiet session of trade. The barometer index, the S&P BSE Sensex, fell 16.63 points or 0.05% to settle at 32,020.75. The Nifty index fell 5.35 points or 0.05% to settle at 9,886.35. The Sensex settled above the psychological 32,000 level after alternately swinging above and below that level during the day.
Key benchmark indices provisionally settled with small losses in a quiet session of trade. The barometer index, the S&P BSE Sensex, fell 16.63 points or 0.05% at 32,020.75, as per the provisional closing data. The Nifty index fell 5.35 points or 0.05% at 9,886.35, as per the provisional closing data. The Sensex provisionally settled above the psychological 32,000 level after alternately swinging above and below that level during the day.
As well, Yosprala sales have improved following recent marketing and pricing strategy changes, but remain a question mark.
Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
Ten pharma stocks fell by 0.07% to 11.22% at 14:00 IST on BSE after a media report indicated likely new US order to lower drug costs in the US.
Key benchmark indices garnered modest gains after gyrating in a small range during the day as firmness in most global stocks and data showing wholesale price inflation easing in May, supported gains on the bourses. The barometer index, the S&P BSE Sensex, rose 52.42 points or 0.17% to settle at 31,155.91. The Nifty 50 index rose 11.25 points or 0.12% to settle at 9,618.15. The Sensex rose for the second straight day.
Key benchmark indices extended gains and hit fresh intraday high in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 62.26 points or 0.2% at 31,165.75. The Nifty 50 index was up 5.90 points or 0.06% at 9,612.80. Index heavyweights Reliance Industries, ICICI Bank and L&T led the upmove on the domestic bourses. IT stocks fell. Most pharma shares also declined.
Dr Reddys Laboratories rose 1.75% to Rs 2,674.05 at 9:16 IST on BSE after the company said it has received Establishment Inspection Report from the US drug regulator for its Miryalaguda API unit.
Key indices were trading near the flat with tiny losses in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex was down 3.27 points or 0.01% at 31,268.01. The Nifty 50 index declined 0.85 points or 0.01% at 9,660. Indices hovered in a narrow range so far as investors maintained caution ahead of key global events of elections in the UK and the European Central Banks monetary policy review.
Dr Reddy’s Laboratories Limited, through a BSE filing on Tuesday announced that it has launched Bivalirudin for Injection, 250 mg/vial, a therapeutic equivalent generic version of Angiomax for Injection, approved by the US Food and Drug Administration (USFDA).
Cipla, the pharmaceuticals major, is exiting non-core businesses to build a stronger pipeline in its key therapies on offer, of respiratory, oncology and anti-HIV drugs. This comes at a time when it faces pricing pressure in both India and America. The move will mean more capital for key growth areas and reduce investment risk.
Key benchmark indices were range bound in afternoon trade. At 13:19 IST, the barometer index, the S&P BSE Sensex rose 34.93 points or 0.11% at 31,194.33. The Nifty 50 index advanced 10.30 points or 0.11% at 9,634.85.
Key benchmark indices were range bound in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex was up 48.99 points or 0.16% at 31,158.27. The Nifty 50 index rose 11.50 points or 0.12% at 9,616.40. Hopes of timely arrival of monsoon rains aided small gains on the bourses.
Key benchmark indices were hovering in positive terrain in morning trade. At 10:21 IST, the barometer index, the S&P BSE Sensex, was up 119.53 points or 0.39% at 30,484.78. The Nifty 50 index was up 25 point, or 0.27% at 9,411.15.