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BSE Sensex, Nifty end lower; pharma stocks take hit
May 20, 2013 at 19:52 | Source: DomainB
Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks ended in green. The Sensex closed at 20223.98, do...
Courts approve hive-off of Sun Pharma Industries formulations business
May 20, 2013 at 15:57 | Source: The Hindu BusinessLine
Coimbatore, May 20: The proposal of Sun Pharmaceutical Industries Ltd (SPIL) to hive off its domestic formulations business in favour of Sun Pharma Laboratories Ltd (SPLL) has been approved by the High Courts of Gujarat and Mumbai. In a communicatio...
New drug policy to hurt pharma profitability but consumers set to gain
May 20, 2013 at 08:49 | Source: FirstPost
Stepping up its battle for cheaper medicines, the Indian government yesterday issued the Drug Price Control Order 2013, which will bring down the prices by up to 80 percent.At a time when market power and tight oligopoly seem to be the rule in India'...
Market shrugs off deficit gap, rallies fifth week in a row
May 20, 2013 at 07:37 | Source: Economic Times
MUMBAI: Shrugging off the mayhem on the first day of the week following widening trade-deficit, drop in inflation propelled market sentiment on hopes that Reserve Bank will cut rates in forthcoming policy meeting next month, sending both indices to m...
Expect Nifty to go towards 6260 levels next week: CK Narayan
May 19, 2013 at 04:17 | Source: Economic Times
In an interview with ET Now, CK Narayan of Growth Avenues Asset Advisors shares his views on the market. Excerpts: ET Now: Purely the way the Bank Nifty and the Nifty and some of other indices have done on the charts. Do you believe that up move coul...
Glaxo hit the most by drug price control order
May 18, 2013 at 10:25 | Source: DNA India
Consumers may celebrate the new drug price control order (DPCO), which was unveiled Thursday, as it promises to lower drug prices up to 80%. But pharmaceutical companies are staring at potential setbacks across the board whose impact could vary as p...
New pharma policy to hurt multinational firms more
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
May 17, 2013: The new Drug Control Order 2013, which envisages capping the prices of 348 essential medicines, was notified on Thursday. The simple average price of drug brands with market share of more than one per cent will be fixed as the ceiling ...
How new drug policy impacts pharma and consumers
May 17, 2013 at 14:14 | Source: FirstPost
Stepping up its battle for cheaper medicines, the Indian government yesterday issued the Drug Price Control Order 2013, which will bring down the prices by up to 80 percent.At a time when market power and tight oligopoly seem to be the rule in India'...
Drug Price Control Order puts pharma stocks under some pressure
May 17, 2013 at 11:02 | Source: The Hindu BusinessLine
Coimbatore, May 17: Pharma stocks were under some pressure in the morning trade following the issue of Drug Price Control Order by the Central Government which is likely to impact drug prices. But there was no panic selling in the stocks in the CNX ...
Pharma sector sales move up in April
May 16, 2013 at 00:41 | Source: The Hindu BusinessLine
May 15, 2013: Drug sales to distributors grew 9.7 per cent (excluding free bonus units) in April this year compared with the previous year. This is higher than the six per cent growth achieved last month, according to data compiled by pharma researc...
BSE Sensex logs 490 pts gain; Nifty scores 150
May 15, 2013 at 18:17 | Source: DomainB
Equity benchmarks logged their biggest single day gain in 28 months, as India joined the ongoing party in emerging markets. The Sensex jumped 490 points to close at 20212.96, after touching a 28-month high of 20241.96 intra-day. The Nifty touched a ...
Market rallies but gains not spread evenly
May 15, 2013 at 18:02 | Source: The Hindu BusinessLine
Coimbatore, May 15: Though the stock indices rallied strongly since morning, the IT stocks appeared to have put up a tepid show with not all of them joining the party. Even among the 50 Nifty stocks, the gains were not spread uniformly with nearly h...
Sensex rises 31 points; banking and healthcare stocks gain
May 15, 2013 at 13:01 | Source: DNA India
The BSE benchmark Sensex on Tuesday closed 31 points up on funds buying mainly in banking and healthcare stocks as inflation eased to over three years low. After a better start, the Sensex fell to the day s low of 19,652.69 before ending with a gain...
Sensex rallies nearly 250 points; rate sensitives lead
May 15, 2013 at 10:46 | Source: Economic Times
NEW DELHI: The S&P BSE Sensex surged nearly 250 points in mid-morning trade on Wednesday, led by rally in rate sensitive stocks. Banks, auto and realty stocks rallied 1-2 per cent on hopes of a rate cut by the Reserve Bank of India in its upcoming po...
Sensex starts on a firm note, Nifty regains 6000 level
May 15, 2013 at 10:10 | Source: Economic Times
NEW DELHI: The S&P BSE Sensex rose 0.6 per cent early on Wednesday tracking strong global cues. The Nifty index also regained its crucial psychological level of 6000, led by gains in Hindalco, Tata Motors and ICICI Bank. At 09:20 a.m., the 30-share ...
Sensex up 31 pts on selective buying
May 15, 2013 at 07:52 | Source: Business Today
The BSE benchmark Sensex on Friday closed 31 points up on fund buying in banking and healthcare stocks as inflation eased to over three-year low.After a positive opening, the Sensex fell to the day's low of 19,652.69 before ending with a gain of 30....
Top ten stocks under-owned by FIIs
May 15, 2013 at 04:47 | Source: Economic Times
NEW DELHI: Markets have been rallying on the back of global liquidity and fall in commodity prices, particularly gold and silver. A fall in commodity prices since April 10 is positive for India as gold and oil imports form a major chunk (nearly 82%) ...
BSE Sensex edges higher on easing inflation, SBI, Axis Bank shares soar
May 14, 2013 at 20:52 | Source: Financial Express
The BSE Sensex today closed 31 points up on funds buying in banking, especially SBI (State Bank of India), Axis Bank, and healthcare stocks as inflation eased to over three-year low. After a better start, the Sensex fell to the day's low of 19,652.6...
Sensex ends flat; Healthcare, TECk stocks major gainers
May 14, 2013 at 18:12 | Source: The Hindu BusinessLine
Mumbai, May 14: Indian markets ended the session on Tuesday marginally in the green despite the April wholesale price index inflation numbers touching a 41-month low at 4.89 per cent. The 30-share BSE index Sensex was up 30.62 points (0.16 per cent)...
Sensex rises 31 pts; banking and healthcare stocks gain
May 14, 2013 at 17:01 | Source: Economic Times
MUMBAI: The BSE benchmark Sensex today closed 31 points up on funds buying mainly in banking and healthcare stocks as inflation eased to over three years low. After a better start, the Sensex fell to the day's low of 19,652.69 before ending with a g...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
